AI Data Insight
The newly released US MBA Purchase Index for the third quarter of 2026 fell to 154.4, slightly down from the previous reading of 154.8, indicating that the short-term rebound has encountered resistance. With the 30-year fixed mortgage rate rebounding to 6.78%, high homebuying costs continue to keep potential buyers on the sidelines. Analysts expect that housing market buying sentiment will remain under pressure in the short term until substantial rate cuts by the Federal Reserve lead to a significant decline in interest rates.