Wednesday, July 15, 2026 from Floor Daily

Mortgage applications in the United States observed a weekly drop of 2.7% in the week ending July 10, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey reports.

The report showed that the average contract interest rate for 30-year fixed-rate mortgages increased to 6.65% from 6.58% a week prior. The seasonally adjusted Purchase Index slipped by 7% compared to the week before to 157.2, while the Refinance Index increased by 3% from the previous week to stand at 821.9. Meanwhile, the Market Index slipped by 2%, from 266.3 to 259.1.