US Mortgage Applications Inch Lower for 2nd Week

2026-08-26 11:13 By Andre Joaquim 1 min. read

The volume of mortgage applications in the US fell by 1% in the third week of August, extending the soft 0.4% drop in the earlier period, according to data compiled by the Mortgage Bankers Association.

The slight change was aligned with a muted bps increase in the average benchmark 30-year fixed mortgage rate relatively close to the highest level in one year, as soaring levels of corporate debt, widening deficit spending by the federal government, and concerns of a complacent Federal Reserve drove yields on the 30-year bond to a multi-decade high.

Applications to refinance a mortgage, which are more sensitive to short-term changes in interest rates, fell 2%.



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US Mortgage Applications Inch Lower for 2nd Week
The volume of mortgage applications in the US fell by 1% in the third week of August, extending the soft 0.4% drop in the earlier period, according to data compiled by the Mortgage Bankers Association. The slight change was aligned with a muted bps increase in the average benchmark 30-year fixed mortgage rate relatively close to the highest level in one year, as soaring levels of corporate debt, widening deficit spending by the federal government, and concerns of a complacent Federal Reserve drove yields on the 30-year bond to a multi-decade high. Applications to refinance a mortgage, which are more sensitive to short-term changes in interest rates, fell 2%.
2026-08-26
US Mortgage Applications Inch Down
The volume of mortgage applications in the US eased by 0.4% on the second week of August, trimming the two-month high rise from the earlier period, according to data compiled by the Mortgage Bankers Association. The muted change was aligned with the constant benchmark mortgage rate of 6.77% in the period, four basis points away from the one-year high in the last week of July, as yields in long-term Treasury bonds held close to a near-two-decade high. Applications to refinance a mortgage, which are sensitive to short-term changes in interest rates, rose by 1.5% from the previous week. In turn, applications for a mortgage to purchase a home, fell by 2%.
2026-08-19
US Mortgage Applications Rebound
The volume of mortgage applications in the US rose by 3.6% on the first week of August, the largest increase in two months, and rebounding from two straight periods of decline, according to data compiled by the Mortgage Bankers Association. The result was aligned with the slight respite for benchmark mortgage rates, tracking the momentary recovery for long-term Treasury bonds from their slide multi-decade highs. Applications to refinance a mortgage, which are more sensitive to short-term changes in interest rates, rose by 5%. In turn, applications for a mortgage to purchase a home rose by 3%.
2026-08-12