US Mortgage Applications Rebound

2026-02-18 12:12 By Andre Joaquim 1 min. read

The volume of mortgage applications in the US rose by 2.8% from the previous week in the second week of February, trimming the cumulative 20% drop from the declines in the three previous weeks, according to data compiled by the Mortgage Bankers Association.

The slight improvement was in line with the 4bps decrease in benchmark mortgage rates, testing the 16-month low from late January, aligned with the decline in long-term Treasury securities on expectations of multiple rate cuts by the Fed this year.

Demand for contracts to refinance a mortgage, which are more sensitive to short-term changes in interest rates, jumped 7%.

In turn, applications for a mortgage to buy a home fell 3%, with the report reflecting insufficient new supply that drove homebuyers to sit on the sidelines.



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