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.
MBA Weekly Survey Reports an Increase in Mortgage Applications
July 7, 2025
Mortgage applications rose 2.7% for the week ending June 27, 2025, according to the Mortgage Bankers Association. The increase was driven primarily by a 7% gain in refinance applications, which are now 40% higher than a year ago. Purchase activity was nearly flat, inching up just 0.1%, though it remains 16% above last year’s level. Lower mortgage rates helped spur refinancing, with the average 30-year fixed rate dropping to its lowest point since April. The average refinance loan size rose to $313,700 and VA refinance activity jumped 22% from the prior week.
Overall, falling interest rates boosted refinancing, while purchase demand remains cautious but stronger than last year.
Source : https://bit.ly/4l7fXSh
