Mortgage applications

Mortgage rates north of 6.5% trigger sharp drop in applications

Mortgage applications decreased 10.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 27. On an unadjusted basis, the index decreased 10% compared with the previous week. The refinance index decreased 17% from the previous week and was 33% higher than the […]

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Mortgage rates jump further to five-month high of 6.43%

US mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 13 basis points to 6.43% in the week ended March 20, according to Mortgage Bankers Association data released

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Mortgage rates hit highest this year, slowing refinancing

US mortgage rates jumped last week to the highest level of the year, leading to a sharp pullback in refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association

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Mortgage applications increase 3.2% amid market volatility

Mortgage applications increased 3.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending March 6, 2026. On an unadjusted basis, the index increased 4.1% compared with the previous week. The refinance index 0.5% from the previous week and was 81% higher than the

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Mortgage rates climb to 6.19% in biggest gain since September

US mortgage rates increased last week by the most since September, a setback for a housing market that had been enjoying easing financing costs this year. Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.19% in the week ended March 6, according to Mortgage Bankers Association data released Wednesday.

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Homebuyer affordability dips after seven-month run

Homebuyer affordability worsened in January for the first time in seven months, despite mortgage rates hitting a three-year low. Processing Content The national median payment applied for by purchase applicants rose from $2,025 in December to $2,070 last month, according to the Mortgage Bankers Association’s Purchase Applications Payment Index. That’s on par with levels recorded

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Mortgage rates increase for first time in four weeks

US mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. In the previous week, home-financing

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Home-purchase applications climb to highest since 2023

US mortgage applications for home purchases climbed last week to the highest since January 2023, suggesting a further easing in financing costs is contributing to a thaw in the housing market. Processing Content The Mortgage Bankers Association’s index of home-purchase applications rose 5.1% in the week ended Jan. 16, data from the group showed Wednesday.

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New-home sales slip in December despite annual gains

New-home sales dropped in December compared with previous months, but remained above 2024 levels, according to new industry data. Processing Content Mortgage applications for new-home purchases decreased 15.2% on a seasonally-adjusted basis and 3% unadjusted from November to December, the Mortgage Bankers Association Builder Application Survey found. Compared with last December, applications increased 2.5%. “December

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Mortgage rates slide to one of lowest levels since 2022

US mortgage rates slid last week to one of the lowest levels in years, sparking a flurry of purchase and refinancing activity that offers hope for a plodding housing market. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers

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