AI Data Insight
Impacted by the recent rebound in mortgage rates, the latest US MBA Purchase Index for Q2 2026 dropped to 170.4 from the previous 177.7. Rising oil prices and geopolitical risks have pushed up Treasury yields, causing the 30-year mortgage rate to rise to 6.56%. Looking ahead, the high and volatile borrowing costs in the short term will remain the primary headwind suppressing housing market demand.