Mortgage application activity continued to move higher last week, though the pace slowed considerably as financial markets turned volatile and mortgage rates moved back up from their recent lows. The Mortgage Bankers Association (MBA) reported an increase of 3.2% on a seasonally adjusted basis for the week ending March 6. This week it was purchase demand doing the heavy lifting. The seasonally adjusted Purchase Index increased 7.8% from one week earlier and was 11% higher than the same week one year ago. MBA noted that purchase activity continues to track ahead of last year’s pace as improving inventory levels support more transactions. Refinance activity was largely flat by comparison. The Refinance Index edged just 0.5% higher from the previous week but still remained 81% higher than the same week one year ago. According to MBA Chief Economist Mike Fratantoni, markets were unsettled by geopolitical developments during the week, pushing longer-term interest rates higher. The average 30-year conforming mortgage rate rose back above 6% after briefly dipping below that threshold in recent weeks. The composition of activity shifted slightly away from refinances. The refinance share of total applications decreased to 57.8% from 59.8% the prior week, while ARM share increased to 8.9% . FHA share rose to 17.1% , VA share declined to 16.1% , and USDA share remained unchanged at 0.4% .

March 13, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.41% +0.06%   5.99% 7.08% 15 Yr. Fixed 6.01% +0.06%   5.55% 6.48% 30 Yr. Jumbo 6.60% +0.05%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Mar 13, 2026 Mortgage Rates Surge to 7-Month Highs Fri, Mar 13, 2026 2:12PM March hasn't been a great month for mortgage rates and the past 3 days have been particularly bad. During that time, our daily rate index went from 6.09% on Tuesday to 6.41% today--the highest since September 4th, 2025.  While that's certainly not the fastest jump we've seen, it's the worst 3-day stretch since early April, 2025. Mortgage rates are driven primarily by movement in the bond market. Like several other asset classes, bonds have not been happy about the Iran war. This is counterintuitive for those who expect bonds to serve as a safe haven in times of uncertainty, but when war ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.41% +0.06 0.00 15 Yr. Fixed 6.01% +0.06 0.00 30 Yr. FHA 5.87% -0.09 0.00 30 Yr. Jumbo 6.60% +0.05 0.00 7/6 SOFR ARM 5.78% +0.01 0.00 30 Yr. VA 5.89% -0.09 0.00 Updates Daily - Last Update: 3/13 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.11 0.00 15 Yr. Fixed 5.50% +0.07 0.00 Updates Weekly - Last Update: 3/12 Mortgage Bankers Assoc. 30 Yr. Fixed 6.19% +0.10 0.58 15 Yr. Fixed 5.54% +0.05 0.68 30 Yr. Jumbo 6.26% +0.10 0.30 Updates Weekly - Last Update: 3/11 UMBS 30YR 5.0 98.83 -0.09   95.71 100.50 UMBS 30YR 5.5 100.59 -0.07   98.11 101.64 10 YR Treasury 4.283 +0.018   3.932 4.590 Decent Start, Lower Oil Prices, Weaker Data Fri, Mar 13, 2026 9:07AM There's a high bar for econ data to have any impact on bonds these days and that's especially true of inflation reports like this morning's PCE. Thankfully, no one needs to make a case for PCE having an impact, but the small amount of help for bonds came from a big miss in core retail sales and, to a lesser extent, a fairly chunky downward revision in GDP. E... (read more) MBS Price Change UMBS 4.5 96.68 -0.12 UMBS 5.0 98.84 -0.09 UMBS 5.5 100.62 -0.04 GNMA 4.5 96.91 -0.16 GNMA 5.0 99.31 -0.22 GNMA 5.5 100.69 -0.06 Pricing as of: 3/13 4:00PM EST US Treasury Yield Change 2 YR Treasury 3.729 -0.018 5 YR Treasury 3.872 +0.000 7 YR Treasury 4.065 +0.010 10 YR Treasury 4.280 +0.015 30 YR Treasury 4.906 +0.023 Pricing as of: 3/13 4:00PM EST Other News Purchase Applications Buoy Mortgage Demand Amid Rising Rates Fri, Mar 13, 2026 1:16PM Mortgage application activity continued to move higher last week, though the pace slowed considerably as financial markets turned volatile and mortgage rates moved back up from their recent lows. The Mortgage Bankers Association (MBA) reported an increase of 3.2% on a seasonally adjusted basis for the week ending March 6. This week it was purchase demand ... (read more) Modest Recovery Keeps Existing Home Sales in The Same Old Range Fri, Mar 13, 2026 1:13PM Existing-home sales rebounded modestly in February, recovering some ground after January’s sharp pullback, while improving affordability and slowly expanding inventory helped support buyer activity.Sales rose 1.7% to a seasonally adjusted annual rate of 4.09 million .  “Housing affordability is improving, and consumers are responding,” said NAR Ch... (read more) UAD 3.6, AI, Processing Tools; Capital Markets Deep Dive: the Undercurrents Moving Mortgage Rates Fri, Mar 13, 2026 11:41AM Products, Services, and Software for Brokers and Lenders Increase Your Business with Renovation Loans! Renovation lending is one of the biggest opportunities for brokers looking to expand their pipeline in today’s market. When inventory is limited, renovation financing helps turn fixer uppers into closed loans and creates new opportunities for buyers. Join... (read more) Latest Video Cavco Industries CEO on housing affordability bill Fourth-quarter GDP revised down to just 0.7% growth; January core inflation... Consumer outlook edges lower in March, University of Michigan survey show Expect a temporary hit to inflation from geopolitical risks, says MetLife's... Around the Web Investing Live The whole market moves based on fresh assessments of the length of the war Marketwatch Job openings jump to 3-month high, but businesses aren't actually hiring more people NBC Senate passes major housing affordability bill by Elizabeth Warren and Tim Scott University of Michigan Consumer sentiment down about 2%, lowest reading of the year CNBC Markets hopes for Fed interest rate cuts are rapidly fading away BLS JOB OPENINGS AND LABOR TURNOVER – JANUARY 2026 BEA Real gross domestic product (GDP) increased at an annual rate of 0.7 percent CNBC Treasury yields hold steady ahead of key inflation data BEA Personal income increased $113.8 billion (0.4% monthly rate) in January Eye on Housing Custom Home Building Expanded in 2025 Federal Reserve Capital Rules for the Real Economy - Bowman Investing Live USD/JPY is right up against the highs of the year Census.gov New orders for manufactured durable goods in January

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