US Mortgage Applications Fall for 4th Week

2026-04-08 11:13 By Andre Joaquim 1 min. read

Mortgage applications in the US eased by 0.8% from the previous week on the period ending April 3rd, extending the cumulative 28.5% plunge from the three previous weeks, according to data compiled by the Mortgage Bankers Association.

The recent pullback was extended despite the respite for benchmark mortgage rates, which pulled back from the seven-month high last week.

Long-dated Treasury yields retreated from recent peaks in the period as markets considered the growth side of stagflation concerns, easing bets that the Fed could return to hikes this year to contain energy-induced price growth.

Still, credit sentiment for households remained muted on the large levels of uncertainty.

Applications for a contract to refinance a mortgage, which are more sensitive to short-term changes in interest rates, fell by 3%.

In turn, applications for a mortgage to buy a new home inched higher by 1% but fell 7% from the previous year, the first annual decline since January 2025.



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US Mortgage Applications Fall for 4th Week
Mortgage applications in the US eased by 0.8% from the previous week on the period ending April 3rd, extending the cumulative 28.5% plunge from the three previous weeks, according to data compiled by the Mortgage Bankers Association. The recent pullback was extended despite the respite for benchmark mortgage rates, which pulled back from the seven-month high last week. Long-dated Treasury yields retreated from recent peaks in the period as markets considered the growth side of stagflation concerns, easing bets that the Fed could return to hikes this year to contain energy-induced price growth. Still, credit sentiment for households remained muted on the large levels of uncertainty. Applications for a contract to refinance a mortgage, which are more sensitive to short-term changes in interest rates, fell by 3%. In turn, applications for a mortgage to buy a new home inched higher by 1% but fell 7% from the previous year, the first annual decline since January 2025.
2026-04-08
US Mortgage Applications Plunge for 3rd Week
Mortgage applications in the US sank by 10.4% from the previous week on the period ending March 27th, extending the 10.5% drop in the earlier period, according to data compiled by the Mortgage Bankers Association. It was the third consecutive slump above the 10% threshold as benchmark mortgage rates surged 48bps since the start of the month. Borrowing costs rose as the war in the Middle East lifted the inflation outlook that supported Treasury yields across the curve, in addition to making the FOMC issue hawkish economic projections. Applications for a contract to refinance a mortgage, which are more sensitive to short-term changes in interest rates, sank by 17% to notch a 40% slide in the month. In turn, applications for a mortgage to buy a home fell 3%.
2026-04-01
US Mortgage Applications Slump for 2nd Week
Mortgage applications sank by 10.5% from the previous week on the period ending March 20th, extending the 10.9% decline from the previous week, according to data compiled by the Mortgage Bankers Association. The slump was in line with the increase in benchmark mortgage rates, which that on a 30-year fixed mortgage reaching a five-month high of 6.43%. Borrowing costs tracked the surge in long-dated Treasury yields after the outbreak of war in the Persian Gulf suspended energy exports and drove Federal Reserve Policymakers to trim their outlook of rate cuts this year. Applications for a contract to refinance a mortgage, which are more sensitive to short-term changes in interest rates, sank by 15%. In turn, applications for a mortgage to buy a home fell 5%.
2026-03-25