About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Mortgage Rates Heading in The Right Direction
May 12, 2025
Mortgage applications rose 11% in the week ending May 2, 2025, according to the Mortgage Bankers Association. Both refinance and purchase applications increased 11% week-over-week, with refinance activity up 51% compared to a year earlier. Economic uncertainty, including weak GDP and manufacturing data—contributed to a drop in mortgage rates, with the 30-year fixed rate falling a little lower from the week prior. Conventional purchase applications jumped 13%, while FHA and VA loan activity also saw gains. Most average mortgage rates dropped or remained steady, except for the 5/1 ARM, which ticked up slightly.
With mortgage rates trending in the right direction, there is certainly more opportunity for homebuying moving forward.
Source : https://bit.ly/4ke3A6j
