US Mortgage Applications Inch Higher

2026-06-24 11:14 By Andre Joaquim 1 min. read

Mortgage applications in the US inched higher by 1% in the third week of June following the 3.8% drop in the previous period, according to data compiled by the Mortgage Bankers Association.

The slight uptick was aligned with a 1bps drop in the benchmark 30-year mortgage rate.

The drop in oil prices on de-escalation between Iran and the US brought relief from a pro-inflationary outlook in the economy, but the outlook of a hawkish Federal Reserve following the last FOMC meeting prevented significant respite for long-term Treasury bonds.

Applications to refinance an existing mortgage, which are more sensitive to short-term changes in interest rates, rose by 3%.

Meanwhile, applications for a mortgage to purchase a home eased by less than 1%.



News Stream
US Mortgage Applications Inch Higher
Mortgage applications in the US inched higher by 1% in the third week of June following the 3.8% drop in the previous period, according to data compiled by the Mortgage Bankers Association. The slight uptick was aligned with a 1bps drop in the benchmark 30-year mortgage rate. The drop in oil prices on de-escalation between Iran and the US brought relief from a pro-inflationary outlook in the economy, but the outlook of a hawkish Federal Reserve following the last FOMC meeting prevented significant respite for long-term Treasury bonds. Applications to refinance an existing mortgage, which are more sensitive to short-term changes in interest rates, rose by 3%. Meanwhile, applications for a mortgage to purchase a home eased by less than 1%.
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Mortgage applications in the US fell by 3.8% in the second week of June, trimming the 10.8% jump in the earlier period, to mark the fourth week of contraction from the last five, according to data compiled by the Mortgage Bankers Association. The drop took place despite the steadiness in benchmark mortgage rates, which remained unchanged despite the pullback in long-term Treasury yields in the period. Applications to refinance an existing mortgage, which are more sensitive to short-term changes in interest rates, fell by 4.5%. Meanwhile, applications for a mortgage to purchase a home dropped by 3.4%.
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US Mortgage Applications Rise Most Since February
US mortgage applications increased by 10.8% in the first week of June, according to data from the Mortgage Bankers Association. This rebound follows a 2.5% decline in the previous period and ends a three-week streak of decreases, marking the highest rise since late February, even as benchmark mortgage rates climbed. Refinance applications, which are particularly sensitive to short-term interest rate changes, jumped by 15.3%, while applications for mortgages to purchase a home rose by 7.3%.
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