Mortgage applications fall 4.4% as 30-year rate hits 6.45%

MBA Mortgage Purchase Application Down -3.7% As Mortgage Rates Rise

MBA Mortgage Purchase Index down -3.7% over the past week after climbing +1.2% in prior week…30y mortgage rate rose to +6.45% up from +6.37% and highest in a month. With the Federal government playing an outsized role in the housing and mortgage markets, the Federal goverment is like an enormous Mantis Shrimp.

Mortgage Applications Down 4.4%, Average Loan Size Reaches 36-Year High

Mortgage applications declined for a second week in a row as economists point to economic uncertainty and geopolitical tensions continuing to weigh on activity and drive mortgage rates up. 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 4.4% on… The post Mortgage Applications Down 4.4%, Average Loan Size Reaches…

Mortgage applications fall 4.4% as 30-year rate hits 6.45%

Mortgage applications decreased 4.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending May 1, 2026. On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index decreased 5% from the previous week and was 29% higher than the same week one year ago. The seasonally adjusted purchase index decreased 4% from one week ea…