Mortgage applications dipped again last week, though the pace of decline slowed considerably. The Mortgage Bankers Association (MBA) reported a 0.8% decrease on a seasonally adjusted basis for the week ending April 3. Refinance activity continued to weaken, with the Refinance Index falling 3% from the previous week and now sitting 4% below year-ago levels. The slowdown reflects a sharp drop in borrower incentive following the recent run-up in rates. Purchase activity showed modest resilience, with the seasonally adjusted Purchase Index rising 1% from the prior week. However, demand remains softer overall, with purchase applications down 7% compared to the same time last year—the first annual decline since early 2025. MBA’s Joel Kan said “higher mortgage rates and continued economic uncertainty weighed down on mortgage applications again last week,” adding that refinance demand has dropped to its lowest level since December 2025. He also pointed out that some segments of the market are holding up better, particularly FHA and ARM loans, which continue to benefit from relatively lower rates and improving housing inventory in certain markets. Application composition shifted slightly, with refinance share decreasing to 44.3% from 45.3% the prior week. ARM share increased to 8.6% . FHA share edged down to 19.3% , while VA share held steady at 16.1% and USDA share remained unchanged at 0.5% .

April 10, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.39% +0.01%   5.99% 7.08% 15 Yr. Fixed 5.99% +0.01%   5.55% 6.48% 30 Yr. Jumbo 6.55% +0.00%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Apr 10, 2026 Mortgage Rates Remain Surprisingly Calm Fri, Apr 10, 2026 1:44PM If we're splitting hairs, today's average mortgage rates are technically higher than yesterday's, but the change is so small that it's just as fair to say that rates are flat. This closes out a week with surprisingly low volatility compared to that seen in March. In part, this can be attributed to longer-term oil prices being less volatile after moving down from their highs in late March. It's also a reflection of uncertainty surrounding the outcome of the Iran war. The war (specifically, the economic/inflation implications) continue to be primary source of motivation for rates even in the p... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.39% +0.01 0.00 15 Yr. Fixed 5.99% +0.01 0.00 30 Yr. FHA 5.91% +0.01 0.00 30 Yr. Jumbo 6.55% 0.00 0.00 7/6 SOFR ARM 6.02% +0.02 0.00 30 Yr. VA 5.93% +0.01 0.00 Updates Daily - Last Update: 4/10 Freddie Mac Rate Change Points 30 Yr. Fixed 6.37% -0.09 0.00 15 Yr. Fixed 5.74% -0.03 0.00 Updates Weekly - Last Update: 4/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.51% -0.06 0.61 15 Yr. Fixed 5.90% +0.01 0.74 30 Yr. Jumbo 6.54% -0.05 0.35 Updates Weekly - Last Update: 4/8 UMBS 30YR 5.0 98.98 -0.07   95.71 100.50 UMBS 30YR 5.5 100.78 +0.03   98.11 101.64 10 YR Treasury 4.316 +0.039   3.948 4.590 No Whammies in CPI Data (And No Bond Market Reaction) Fri, Apr 10, 2026 9:06AM The median forecast for monthly core CPI was 0.28% (0.3 after rounding up for most econ calendars). Today's actual number was 0.196--obviously quite a bit lower than forecasts. In addition, supercore fell to .179 from .349. Despite those victories, forecasts correctly predicted a sharp rise in headline inflation which moved up from 2.4% to 3.3% year over yea... (read more) MBS Price Change UMBS 4.5 96.94 -0.03 UMBS 5.0 99.01 -0.04 UMBS 5.5 100.81 +0.06 GNMA 4.5 96.91 -0.16 GNMA 5.0 99.62 -0.18 GNMA 5.5 100.94 -0.04 Pricing as of: 4/10 4:24PM EST US Treasury Yield Change 2 YR Treasury 3.799 +0.035 5 YR Treasury 3.938 +0.042 7 YR Treasury 4.120 +0.038 10 YR Treasury 4.314 +0.037 30 YR Treasury 4.911 +0.028 Pricing as of: 4/10 4:24PM EST Other News Mortgage Demand Contracted at a Slower Pace Last Week Fri, Apr 10, 2026 1:30PM Mortgage applications dipped again last week, though the pace of decline slowed considerably. The Mortgage Bankers Association (MBA) reported a 0.8% decrease on a seasonally adjusted basis for the week ending April 3. Refinance activity continued to weaken, with the Refinance Index falling 3% from the previous week and now sitting 4% below year-ago le... (read more) UAD 3.6, Spec Pool Tools; Credit Report FICO Program; Client and Market Trends For LOs to Monitor Fri, Apr 10, 2026 11:34AM Products, Services, and Software for Brokers and Lenders Yesterday this Commentary mentioned a guide titled, “AI in the Workplace: Acceptable Use Policies, Data Risk, and the Discovery Trap.” Many wrote for the piece, which is now posted on the internet! Spring EQ (NMLS# 1464945) is hosting a webinar next week (Tuesday, April 14 at 2:00 p.m. ET) to help b... (read more) Latest Video March CPI report shows inflation at highest level in nearly two years Consumer spending rises as gas prices drive gains: Bank of America March consumer price index up 3.3% year-over-year Netanyahu has instructed officials to start direct talks with Lebanon as so... Around the Web CNBC Here's the inflation breakdown for March 2026 in one chart CNBC Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict Redfin A Record 34% of February Home Sellers Cut Their List Price Investing Live US NY Fed GDP Nowcast Q1: 2.31% (prev 2.41%) Investing Live UMich preliminary April consumer sentiment 47.6 versus 52.0 expected Investing Live Trump: Optimistic for a peace deal Investing Live Trump will ask Netanyahu to reduce bombing in Lebanon to help negotiations CNBC Treasury yields flat as traders brace for March CPI print Investing Live US initial jobless claims 219K vs 210K estimate Investing Live US final Q4 GDP +0.5% vs +0.7% expected Eye on Housing Remodeling Market Sentiment Edges Down but Remains Positive in First Quarter Investing Live US February factory orders 0.0% vs -0.2% expected Eye on Housing Remodeling Market Sentiment Edges Down but Remains Positive in First Quarter

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