US Mortgage Rates Rise for Second Week

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less edged up to 6.45% in the week ending May 1, 2026, from 6.37% the previous week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. The increase tracked a rise in Treasury yields amid elevated geopolitical uncertainties and stalled US-Iran negotiations, as soaring energy prices fueled bets of a Fed hike this year. As a result, total mortgage application volume fell 4.4%, marking the second consecutive weekly decline. Refinance demand dropped 5.0%, while applications to purchase a home decreased by 3.7%.

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less edged up to 6.37% in the week ended April 24th 2026 from 6.35% in the previous period, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The increase broadly mirrored a slight rise in Treasury yields. As a result, total mortgage application volume fell 1.6%, with refinance demand sinking 4.4% while applications to purchase a home rose 1.2%. “After a brief pause, in part because of the elevated geopolitical uncertainties, potential homebuyers certainly appear to be moving forward this spring and taking advantage of the more favorable inventory conditions in most parts of the country,” said Mike Fratantoni, MBA’s chief economist.

The average 30-year fixed mortgage rate in the US for loans up to $806,500 dropped to 6.35% for the week ending April 17, 2026, down from 6.42% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. This marks the third consecutive weekly decline, reflecting a drop in Treasury yields amid growing hopes for a diplomatic resolution to the ongoing conflict. As rates fell, mortgage applications surged 7.9%, the sharpest increase since late February, with refinancing applications up 5.8% and home purchase applications rising 10.1%.