AI Data Insight
According to the latest data, at the end of the second quarter of 2026 (the week of June 19), the US MBA Purchase Index decreased slightly to 169.7 from 170.8 in the previous week, indicating that homebuying momentum is suppressed by high funding costs. However, supported by growing refinancing demand, overall mortgage applications showed a mild increase. The market is closely monitoring the Federal Reserve's subsequent moves in hopes of a catalyst from substantial rate cuts.