Mortgage applications fell  for the third consecutive week amid an increasingly volatile rate environment. The Mortgage Bankers Association (MBA) reported a decrease of 10.4% on a seasonally adjusted basis for the week ending March 27. The Refinance Index fell 17% from the previous week, but remains 33% higher than the same week one year ago. Purchase activity also declined, with the seasonally adjusted Purchase Index dropping 3% , just 1% above year-ago levels. MBA’s Mike Fratantoni notes "higher rates  are being offset somewhat by the buyer’s market in many parts of the country – there are more homes for sale than buyers have seen in some time. Moreover, purchase applications for FHA and VA loans continue to hold up better than those for conventional buyers.  However, the shocks of the jump in rates and the increase in overall economic uncertainty are likely having an impact on buyer confidence.” Once again, application activity shifted further away from refinances. The refinance share of total applications decreased to 45.3% from 49.6% the prior week, while ARM share edged down to 8.0% . FHA share decreased slightly to 19.5% , VA share increased to 16.1% , and USDA share held steady at 0.5% . Mortgage Rate Summary:

April 1, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.45% -0.02%   5.99% 7.08% 15 Yr. Fixed 6.02% -0.01%   5.55% 6.48% 30 Yr. Jumbo 6.60% +0.00%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Apr 1, 2026 Mortgage Rates Steady to Slightly Lower Wed, Apr 1, 2026 3:14PM Mortgage rates were little-changed on Wednesday, despite the release of several economic reports and another deluge of war-related headlines. In the slightly bigger picture, the market is trading with some sense of hope of a finite timeline for the war. Today, that meant a moderate drop in oil prices and bond yields (aka "rates"). Bonds struggled to maintain the improvement after this morning's economic reports which were broadly stronger than expected. In general, stronger econ data suggests higher rates, all else equal. In addition to stronger employment and retail sales reports, a key manu... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.45% -0.02 0.00 15 Yr. Fixed 6.02% -0.01 0.00 30 Yr. FHA 5.91% -0.06 0.00 30 Yr. Jumbo 6.60% 0.00 0.00 7/6 SOFR ARM 6.07% -0.09 0.00 30 Yr. VA 5.92% -0.07 0.00 Updates Daily - Last Update: 4/1 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 98.75 +0.15   95.71 100.50 UMBS 30YR 5.5 100.57 +0.16   98.11 101.64 10 YR Treasury 4.318 +0.004   3.932 4.590 Data and War Headlines Erase Overnight Gains Wed, Apr 1, 2026 9:38AM Bonds rallied modestly in the overnight session after Trump said the US may exit the war soon. Those gains have been more than erased (just barely) after this morning's data. Both ADP and Retail Sales were stronger than expected although it should be noted that Retail Sales is for the month of February in this case. New Trump headlines also added to the pull... (read more) MBS Price Change UMBS 4.5 96.59 +0.13 UMBS 5.0 98.75 +0.15 UMBS 5.5 100.57 +0.16 GNMA 4.5 96.65 +0.19 GNMA 5.0 99.14 +0.15 GNMA 5.5 100.70 +0.14 Pricing as of: 4/1 6:58PM EST US Treasury Yield Change 2 YR Treasury 3.806 +0.009 5 YR Treasury 3.952 +0.002 7 YR Treasury 4.140 +0.011 10 YR Treasury 4.318 +0.004 30 YR Treasury 4.900 -0.011 Pricing as of: 4/1 6:58PM EST Other News Another Big Drop in Refi Demand, But Still Higher Year Over Year Wed, Apr 1, 2026 2:58PM Mortgage applications fell  for the third consecutive week amid an increasingly volatile rate environment. The Mortgage Bankers Association (MBA) reported a decrease of 10.4% on a seasonally adjusted basis for the week ending March 27. The Refinance Index fell 17% from the previous week, but remains 33% higher than the same week one year ago. ... (read more) Community Dev., Non-Del Non-QM, Hedging Products; Credit News; Capital Markets Wed, Apr 1, 2026 11:40AM Time flies, Apple turns 50 today, the first quarter is in the books, and here in Northern Nevada, like everywhere, lenders are watching trends and technology. There are all kinds of lists out there, but for those who prefer the CFPB’s data, there’s HMDA Market Share Dashboards for Origination Statistics. In terms of technology, there’s always something new i... (read more) Latest Video Mortgage rates move lower after reaching August highs Private sector hiring totaled 62,000 in March, better than expected, ADP sa... February retail sales beat expectations March ISM Manufacturing PMI comes in at 52.7, beating expectations Around the Web Eye on Housing Consumer Confidence Climbs Despite Oil Price Surge CNBC Private sector hiring totaled 62,000 in March, better than expected, ADP says Investing Live Iran Foreign Minister Araghchi: We will not accept a ceasefire, want a complete end to war Investing Live Atlanta Fed GDPNow dips to 1.9% from 2.0% last. PR Newswire Manufacturing PMI® at 52.7%; March 2026 ISM® Manufacturing PMI® Report S&P Global US manufacturing sector growth accelerates in March CNBC Weekly mortgage refinance demand is down more than 40% in the past month CNBC Treasury yields fall as Iran peace hopes fuel relief rally Investing Live Fed's Schmid: Inflation is the more salient risk for the economy Census.gov Advance Monthly Sales for Retail and Food Services Eye on Housing Private Residential Construction Spending Slips in January PR Newswire US Consumer Confidence Inched Up Again in March Eye on Housing Soft Construction Labor Market Shows Decline for Open Positions

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