US Mortgage Rates Down to One-Month Low: MBA

2026-04-15 11:07 By Joana Taborda 1 min. read

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less fell for a 2nd consecutive week to 6.42% in the week ending April 10, 2026, reaching the lowest value in about a month, compared to 6.51% in the previous period, data from the Mortgage Bankers Association showed.

“Given the evolving situation in the Middle East and its impact on energy and commodity prices, mortgage rates declined last week,” Joel Kan, an MBA economist said.

Mortgage rates typically follow Treasury yields, which fell last week as prospects for diplomatic talks raised hopes of a potential end to the war.

As a result, mortgage applications increased 1.8%, the first rise in five weeks, with refinancing applications jumping 5.1% while those to purchase a home fell 1%.

“Purchase activity remained subdued as potential homebuyers remained hesitant given the current economic uncertainty, which kept purchase applications below last year’s level for the second consecutive week,” Joel Kan added.



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US Mortgage Rates Down to One-Month Low: MBA
The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less fell for a 2nd consecutive week to 6.42% in the week ending April 10, 2026, reaching the lowest value in about a month, compared to 6.51% in the previous period, data from the Mortgage Bankers Association showed. “Given the evolving situation in the Middle East and its impact on energy and commodity prices, mortgage rates declined last week,” Joel Kan, an MBA economist said. Mortgage rates typically follow Treasury yields, which fell last week as prospects for diplomatic talks raised hopes of a potential end to the war. As a result, mortgage applications increased 1.8%, the first rise in five weeks, with refinancing applications jumping 5.1% while those to purchase a home fell 1%. “Purchase activity remained subdued as potential homebuyers remained hesitant given the current economic uncertainty, which kept purchase applications below last year’s level for the second consecutive week,” Joel Kan added.
2026-04-15
US Mortgage Rates Dip Amid Middle East Uncertainty
The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less fell to 6.51% for the week ending April 3, 2026, down from a seven-month high of 6.57% the prior week, the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey showed on Wednesday. This marks the first decline in over a month, driven by a 10+bps drop in Treasury yields as investors grew wary of the Middle East conflict’s economic impact. The war has rattled global markets, fueling stagflation fears and reducing expectations that the Fed will raise rates this year to curb energy-driven inflation. Despite the rate dip, mortgage activity weakened: total applications fell 0.8%, the fourth consecutive weekly decline, including prior drops exceeding 10%. Refinancing activity led the drop, down 2.8%, while purchase applications inched up 1.1%.
2026-04-08
US Mortgage Rates Highest Since August: MBA
The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less increased for a fourth consecutive week to 6.57% for the week ending March 27th, 2026, reaching its highest level since the last week of August, compared to 6.43% in the previous week. Mortgage rates climbed as Treasury yields rose, driven by geopolitical tensions from the ongoing war with Iran that pushed oil prices to their highest levels since 2022. The surge in energy costs has stoked inflation expectations, reinforcing the case for higher borrowing costs. Meanwhile, mortgage applications tumbled 10.4%, following a 10.5% drop in the previous week, with applications to refinance a home loan, which are most sensitive to weekly interest rate move, tumbling 17.3% and those to purchase a home falling 2.5%. “The shocks of the jump in rates and the increase in overall economic uncertainty are likely having an impact on buyer confidence,” Mike Fratantoni, MBA’s chief economist, said.
2026-04-01