Mortgage application activity declined for the second consecutive week as rising interest rates continued to weigh on demand. The Mortgage Bankers Association (MBA) reported a decrease of 10.5% on a seasonally adjusted basis for the week ending March 20. Both major components moved lower. The Refinance Index fell 15% from the previous week, though it remained 52% higher than the same week one year ago.  Purchase activity also softened, with the seasonally adjusted Purchase Index declining 5% and running 5% above year-ago levels. According to MBA’s Joel Kan, persistently elevated Treasury yields—driven in part by higher oil prices and inflation concerns—pushed mortgage rates higher across the board. The average 30-year fixed rate climbed to its highest level since October 2025, further eroding refinance incentives and dampening purchase demand. The composition of activity shifted further away from refinances. The refinance share of total applications decreased to 49.6% from 52.3% the prior week, while ARM share increased slightly to 8.1% . FHA share rose to 19.7% , VA share declined to 15.9% , and USDA share edged up to 0.5% . Mortgage Rate Summary: 30yr Fixed: 6.43% (from 6.30%) | Points: 0.65 (from 0.63) 15yr Fixed: 5.83% (from 5.66%) | Points: 0.80 (from 0.73) Jumbo 30yr: 6.45% (from 6.39%) | Points: 0.56 (from 0.34) FHA: 6.15% (from 6.08%) | Points: 0.75 (from 0.70) 5/1 ARM: 5.75% (from 5.65%) | Points: 0.68 (from 0.67)

March 27, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.64% +0.02%   5.99% 7.08% 15 Yr. Fixed 6.15% +0.01%   5.55% 6.48% 30 Yr. Jumbo 6.65% +0.00%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Mar 27, 2026 Mortgage Rates Inch Up to Another Long-Term High Fri, Mar 27, 2026 2:29PM There were mixed blessings in the mortgage rate world today. The bad news is that today's rates are just a bit higher than yesterday's, resulting in another 8 month high. The good news is that things were looking quite a bit worse earlier in the morning. Mortgage lenders prefer to set rates once per day even though those rates are dictated by movement in the underlying bond market. If bonds move enough, lenders will change rates mid-day. Today was one of those days and, fortunately, the change was in a friendly direction.  Before the improvement, the average lender's top tier 30yr fixed... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.64% +0.02 0.00 15 Yr. Fixed 6.15% +0.01 0.00 30 Yr. FHA 6.10% +0.05 0.00 30 Yr. Jumbo 6.65% 0.00 0.00 7/6 SOFR ARM 6.31% +0.05 0.00 30 Yr. VA 6.12% +0.05 0.00 Updates Daily - Last Update: 3/27 Freddie Mac Rate Change Points 30 Yr. Fixed 6.38% +0.16 0.00 15 Yr. Fixed 5.75% +0.21 0.00 Updates Weekly - Last Update: 3/26 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% +0.13 0.65 15 Yr. Fixed 5.83% +0.17 0.80 30 Yr. Jumbo 6.45% +0.06 0.56 Updates Weekly - Last Update: 3/25 UMBS 30YR 5.0 97.87 +0.02   95.71 100.50 UMBS 30YR 5.5 99.87 +0.05   98.11 101.64 10 YR Treasury 4.434 +0.014   3.932 4.590 Bonds Fade De-Escalation Hopes Fri, Mar 27, 2026 10:12AM Markets were presented with an opportunity just before the close yesterday to put their faith in another ceasefire-style announcement, but have instead opted to stick with prevailing momentum (lower stocks, higher yields and oil prices). Part of the reason is that rather than a true ceasefire, the announcement merely delayed a major escalation from this... (read more) MBS Price Change UMBS 4.5 95.55 -0.09 UMBS 5.0 97.87 +0.02 UMBS 5.5 99.87 +0.05 GNMA 4.5 95.68 -0.02 GNMA 5.0 98.44 +0.06 GNMA 5.5 100.15 +0.06 Pricing as of: 3/27 7:20PM EST US Treasury Yield Change 2 YR Treasury 3.919 -0.073 5 YR Treasury 4.076 -0.023 7 YR Treasury 4.259 +0.016 10 YR Treasury 4.434 +0.014 30 YR Treasury 4.970 +0.034 Pricing as of: 3/27 7:20PM EST Other News No Surprise: Refi Demand Sapped by Rate Spike Fri, Mar 27, 2026 1:44PM Mortgage application activity declined for the second consecutive week as rising interest rates continued to weigh on demand. The Mortgage Bankers Association (MBA) reported a decrease of 10.5% on a seasonally adjusted basis for the week ending March 20. Both major components moved lower. The Refinance Index fell 15% from the previous week, though it re... (read more) Verification, Non-QM Hedging Tools; Builder Trends That Impact LOs; Student Debt News; Automation and Processing Fri, Mar 27, 2026 11:52AM Products, Services, and Software for Brokers and Lenders Four Methods to Hedge Non-QM & Maximize Profits: In today’s growing non-QM market, selling best efforts is leaving value on the table. Accumulating bulk and improving execution is possible, but it involves taking price risk on the non-QM loans, and this requires hedging. A new technical brief eva... (read more) Latest Video Richmond Fed president: Supported Fed pause to figure out 'how we should be... Former Cleveland Fed Pres. Mester: The path of the Iran war will determine ... University of Michigan sentiment reading close to estimate Philadephia Fed president: No signs labor market is contributing to inflati... Around the Web Investing Live Secretary of State Rubio said that the war with Iran will continue for another 4 weeks CNBC All bets are off: European borrowing costs hit 15-year highs as investors brace for rate hikes CNBC Fannie Mae accepts first crypto-backed mortgage product Investing Live Philadelphia Fed Pres. Paulson: Fed has made notable progress bringing inflation down Market Screener With 'no place to hide' traders spend sleepless nights as Iran war roils markets Investing Live Trump has given Iran another 10 days: "Pausing ... to Monday April 6" Investing Live Fed's Barkin: Even before oil shock, progress on inflation was stalling University of Michigan Surveys of Consumers Final Results for March 2026 Investing Live UMich final March consumer sentiment 53.3 vs 54.0 expected CNBC Treasury yields tick higher after Trump extends Iran deal deadline BLS Employment increased in 167 of the 372 largest U.S. counties over the year ended September 2025 Eye on Housing State/Local Property Tax Revenue Rises Past $210 billion in the Fourth Quarter Kansas City Fed Tenth District Manufacturing Activity Increased Moderately in March

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