finance
US MBA Mortgage Applications Rise 1.7% After Prior Week's Decline
Mortgage applications increased after declining in the prior week, according to data released Wednesday. The 30-year mortgage rate edged higher to 6.46 percent. The figures come as the housing market continues to adjust to elevated borrowing costs.
May 13, 7:00 AM·1m read2 sources
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U.S. 4 percent the previous week. 45 percent in the prior week.
@LiveSquawk reported the figures on Wednesday, showing a modest rebound in demand for home loans following the recent decline. The data capture activity through May 8, offering the latest snapshot of borrowing conditions in a market shaped by persistent rates above 6 percent.
The sequential improvement in applications came even as the average rate for 30-year loans ticked higher by one basis point.
That rate had held nearly steady week-to-week, suggesting limited immediate impact on borrower behavior from the small increase. Mortgage activity remains sensitive to rate movements at current levels. 4 percent drop recorded the week before, indicating uneven demand in the housing finance sector.
The latest readings arrive more than four months into 2026, with the spring buying season already under way. Higher rates compared with pre-2022 levels have continued to constrain both purchase and refinance volumes in recent years.
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CorroborationModerate · 2 sources
