AI Data Insight
In the early fourth quarter of 2026 (as of October 2), the US MBA Mortgage Refinance Index dropped significantly to 515.8 from the previous value of 557.8, representing a weekly decline of 7.5%. Under the pressure of the 30-year fixed mortgage rate surging to 7.49%, borrowers' willingness to refinance has fallen to a freezing point. In the short term, if the Federal Reserve maintains a high-interest-rate environment, refinance activities are expected to remain under pressure.