AI Data Insight
In the third quarter of 2026, the latest US MBA Mortgage Refinance Index slipped to 802.3, lower than the previous value of 828.7. As the 30-year mortgage rate climbed to a near 11-month high of 6.69%, the incentive for existing homeowners to refinance was significantly reduced. Nevertheless, the counter-trend growth in home purchase loans continues to provide support for the overall mortgage application market.