AI Data Insight
In Q3 2026 (September 10), the US MBA Mortgage Refinance Index fell to 627.1, a significant decline from the previous value of 687.3. As the 30-year fixed mortgage rate climbed to a more than one-year high of 6.97%, borrowers' incentives to refinance have almost completely vanished. Amid concerns over energy inflation pushing up US Treasury yields, high borrowing costs are expected to continue suppressing the housing market and refinancing momentum in the short term.