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 Demand Remains Surprisingly Resilient Despite Higher Rates
June 8, 2026
Mortgage purchase demand has held up better than expected during the first half of 2026, even though mortgage rates rose significantly, climbing about 0.76% from their lows earlier in the year. According to Logan Mohtashami from HousingWire, once weather-related distortions are removed, housing demand has actually been relatively stable.
Purchase application activity has remained positive on a year-over-year basis for most of 2026, despite higher mortgage rates. Earlier in the year, rates were much lower, a level Mohtashami believed could support roughly 237,000 additional existing-home sales. However, rates increased due to geopolitical uncertainty, particularly the ongoing Iran conflict.
So far this year we have seen 19 weeks with positive year-over-year purchase application growth with 9 of those weeks with double-digit year-over-year growth. While week-to-week activity has been choppy, year-over-year demand has remained stronger than expected.
Despite rising mortgage rates and geopolitical uncertainty, homebuyer demand has shown surprising strength in 2026. The housing market proves to be resilient, supported by improving affordability, wage growth, and mortgage rates that have remained under 7%.
Source : https://bit.ly/49LeYno
