Indexes tracking home-purchase and refinance application activity both saw increases this week, supported by a 9-basis-point decrease in mortgage rates last week that followed easing of tensions in the Middle East. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—increased…
‘In a holding pattern’ is how economists are describing the spring market moving into April, with more policy stability and conflict resolution needed to move buyers and sellers back from the sidelines. The average mortgage rate ticked down 9 basis points to 6.37% this week, down from 6.46% last week after several weeks of increases,…
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Data tracking home purchase and refinance applications showed decreases in both indexes again this week in the wake of ongoing economic uncertainty and steadily rising mortgage rates. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—decreased 0.8% on a seasonally…
There’s a growing housing disparity in America between who has the square footage and who needs it. According to a new Redfin report, which analyzed U.S. Census Bureau data from 2024, baby boomers living in one- to two-adult households own 28% of large homes. By comparison, millennials with children living at home own 16% of…
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…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – After weeks of mortgage rates falling down in the opening weeks of 2026, mortgage rates have now climbed back up above 6% following the commencement of the U.S.-Iran war. As of the week…
While conflict continues to brew in the Middle East, mortgage rates continue to rise due to the war’s effect on oil prices, according to the latest Freddie Mac data. Freddie Mac’s latest Primary Mortgage Market Survey found that the 30-year fixed-rate mortgage (FRM) averaged 6.38% as of March 26, 2026, up from last week when…
With mortgage rates rising due to higher oil prices from geopolitical tensions in the Middle East, mortgage applications saw another fall this week, according to data from the Mortgage Bankers Association. MBA’s Weekly Mortgage Applications Survey found that the Market Composite Index (a measure of mortgage loan application volume) fell 10.5% on a seasonally adjusted…
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,…
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