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 Applications Increase in MBA Survey
May 18, 2026
Mortgage applications rose 1.7% for the week ending May 8, 2026, according to the MBA’s Weekly Mortgage Applications Survey. Purchase demand drove the increase, even as mortgage rates climbed to their highest level in five weeks.
The Purchase Index increased 4% from the prior week and was 7% higher than a year ago, showing continued buyer activity despite economic uncertainty and higher borrowing costs. The Refinance Index fell 1% week over week but remained 28% above last year’s level. Refinances made up 40.8% of total mortgage activity.
MBA economist Joel Kan noted that buyers appear to be returning to the market despite higher rates, with all loan categories seeing gains in purchase activity.
Overall, the report suggests that home purchase demand remains resilient even as mortgage rates edge higher, while refinance activity has begun to slightly cool.
Source : https://bit.ly/4tvyrQ1
