US mortgage applications rose 1.8% in the week ended April 10, 2026, marking the first increase in five weeks after a 0.8% decline in the prior period, according to data from the Mortgage Bankers Association. Refinancing applications, which are most sensitive to weekly interest rate movements, climbed 5.1%, while applications to purchase a home slipped 1%.
“Purchase activity remained subdued as potential homebuyers stayed cautious amid ongoing economic uncertainty, keeping purchase applications below last year’s level for the second consecutive week,” said Joel Kan, an economist at the MBA.
At the same time, the average US 30-year fixed mortgage rate for conforming loans of $806,500 or less declined for the second straight week to 6.42% in the week ended April 10, 2026, the lowest level in roughly a month.
