The average 30-year fixed mortgage rate increased for the fifth consecutive week, rising to 6.46% as the ongoing war in Iran continues to roil financial markets, economists said. The average mortgage rate ticked up 8 basis points to 6.46% this week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday,…
With mortgage rates climbing to their highest point since August recently, the role of steadily increasing home purchase application and refinance activity has reversed, with both indexes by the Mortgage Bankers Association (MBA) showing sharp decreases this week. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan…
While mortgage rates hit a high for the year so far, reflecting escalating geopolitical tensions in the Middle East, analysts point to average rates still remaining below year-ago levels and offering some improvement to buyers purchasing power. The average mortgage rate ticked up 11 basis points to 6.22% this week, up from 6.11% last week,…
New data from the Mortgage Bankers Association shows applications for both home purchases and refinances fell significantly this week following increased mortgage rates and other market volatility in the wake of the conflict in the Middle East, economists said. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage…
The average mortgage rate remaining at or around the low 6% range continues to spur buyer activity, but economists warn it may not be enough to create a much-needed market shift in the face of ongoing economic uncertainty and wartime market volatility. The average mortgage rate ticked up 11 basis points to 6.11% this week,…
With the war in Iran causing market volatility this past week including an average mortgage rate increase from below and back up over 6%, home purchase application activity increased for the fourth straight week. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes…
After a brief dip into the fives, mortgage rates ticked back up this week and will likely continue to rise if the conflict with Iran escalates into a prolonged war, economists cautioned this week. “The launch of the conflict in Iran over the weekend and its subsequent escalation has stoked fears of wartime inflation that…
On March 5, 2026, the practical ban on mortgage industry trigger leads—signed into law in September 2025 with essentially unanimous support in Congress—has officially taken effect. This change is meant to ease one problem that homebuyers searching for a mortgage face. Trigger leads are a practice where one of the three major credit bureaus (Equifax,…
In the culmination of what was a busy year for Rocket Companies, after acquiring both Redfin and Mr. Cooper, the company detailed another large milestone in its recent earnings call with investors—a partnership with Compass. In its own recent earnings call, Compass CEO Robert Reffkin dropped the news that it had entered into a three-year…
Just in time for the spring buying season, average mortgage rates crossed “into the fives,” this past week, their lowest level in years, and one economists describe as a “psychological barrier and numeric threshold” that could bring more buyers into the market despite concerns over the economy. The latest Primary Mortgage Market Survey® (PMMS®), released…
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