Quality Services.

April 01 2026

Mortgage applications fell  for the third consecutive week amid an increasingly volatile rate environment. The Mortgage Bankers Association (MBA) reported a decrease of 10.4% on a seasonally adjusted basis for the week ending March 27. The Refinance Index fell 17% from the previous week, but remains 33% higher than the same week one year ago. Purchase activity also declined, with the seasonally adjusted Purchase Index dropping 3% , just 1% above year-ago levels. MBA’s Mike Fratantoni notes "higher rates  are being offset somewhat by the buyer’s market in many parts of the country – there are more homes for sale than buyers have seen in some time. Moreover, purchase applications for FHA and VA loans continue to hold up better than those for conventional buyers.  However, the shocks of the jump in rates and the increase in overall economic uncertainty are likely having an impact on buyer confidence.” Once again, application activity shifted further away from refinances. The refinance share of total applications decreased to 45.3% from 49.6% the prior week, while ARM share edged down to 8.0% . FHA share decreased slightly to 19.5% , VA share increased to 16.1% , and USDA share held steady at 0.5% . Mortgage Rate Summary:

March 27 2026

Mortgage application activity declined for the second consecutive week as rising interest rates continued to weigh on demand. The Mortgage Bankers Association (MBA) reported a decrease of 10.5% on a seasonally adjusted basis for the week ending March 20. Both major components moved lower. The Refinance Index fell 15% from the previous week, though it remained 52% higher than the same week one year ago.  Purchase activity also softened, with the seasonally adjusted Purchase Index declining 5% and running 5% above year-ago levels. According to MBA’s Joel Kan, persistently elevated Treasury yields—driven in part by higher oil prices and inflation concerns—pushed mortgage rates higher across the board. The average 30-year fixed rate climbed to its highest level since October 2025, further eroding refinance incentives and dampening purchase demand. The composition of activity shifted further away from refinances. The refinance share of total applications decreased to 49.6% from 52.3% the prior week, while ARM share increased slightly to 8.1% . FHA share rose to 19.7% , VA share declined to 15.9% , and USDA share edged up to 0.5% . Mortgage Rate Summary: 30yr Fixed: 6.43% (from 6.30%) | Points: 0.65 (from 0.63) 15yr Fixed: 5.83% (from 5.66%) | Points: 0.80 (from 0.73) Jumbo 30yr: 6.45% (from 6.39%) | Points: 0.56 (from 0.34) FHA: 6.15% (from 6.08%) | Points: 0.75 (from 0.70) 5/1 ARM: 5.75% (from 5.65%) | Points: 0.68 (from 0.67)

March 20 2026

New home sales took a notable step back in January, reversing much of the prior month’s strength and highlighting the volatility that often defines this data series. The Census Bureau reported a seasonally adjusted annual rate of 587,000 , down sharply from December’s 712,000 and 11.3% lower than January 2025. For-sale inventory moved slightly higher to 476,000 , up 0.4% from December but still 4.0% below year-ago levels. At the current sales pace, months’ supply jumped to 9.7 months , up from 8.0 months in December and 9.0 months one year ago. The increase reflects the combination of softer demand and relatively steady inventory levels. Prices declined on both a monthly and annual basis. The median sales price fell to $400,500 (-4.5% MoM; -6.8% YoY), while the average price dropped to $499,500 (-5.9% MoM; -3.6% YoY). The pullback suggests a shift in the mix of homes sold, with less upward pressure from higher-priced transactions. Sales (MoM): -17.6% Sales (YoY): -11.3% Inventory (YoY): -4.0% Months’ Supply: 9.7 (up from 8.0 prior month; 9.0 YoY)