Applications fall 10.5% as 30-year fixed rate moves higher
MBA’s weekly survey for the week ending March 20, 2026 shows applications fell 10.5% as the 30-year fixed increased to 6.43%.
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Mortgage applications jump 11%, led by refinances
MBA said applications rose 11% w/w, refis up 14.3% and purchase index up 6.1%, while the 30-year fixed rate stayed at 6.09%.
Read MorePurchase applications, VA refinances soar in latest MBA data
With adjustments for the July 4 holiday, MBA reports purchase applications increased to the highest level of activity since February 2023
Read MoreGen Z isn't sure higher education is worth it — and it might be taking a toll on Harvard
Applications to Harvard this year dropped 5% as the school was scrutinized for its response to the Israel-Hamas war and the affirmative action ruling.
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