AI Data Insight
In Q3 2026 (for the week ending July 31), the US MBA Mortgage Refinance Index dropped to 709.1, continuing its decline from the previous reading of 723.1. Influenced by geopolitical tensions in the Middle East and inflation concerns, the US 30-year mortgage rate rose to a near one-year high of 6.81%. The surge in borrowing costs and rising Treasury yields have put heavy pressure on both US mortgage refinancing and homebuying demand in the short term.