MBA: mortgage applications fall 6% as 30-year rate hits 7.30%

U.S. mortgage applications fell 6% as the average 30-year conforming rate climbed to 7.30%. U.S. mortgage applications fell 6% as the average 30-year conforming rate climbed to 7.30%.

MBA’s week ended Sept. 25 showed the highest 30-year rate since November 2023 — a sixth straight weekly rise. MBA’s week ended Sept. 25 showed the highest 30-year rate since November 2023 — a sixth straight weekly rise.

Purchase apps slipped 4% seasonally adjusted; refinances dropped 9%, with ARM share rising to 10.3%. Purchase apps slipped 4% seasonally adjusted; refinances dropped 9%, with ARM share rising to 10.3%.

Credit: Illustrative house-roof silhouettes, falling application bars, and high-rate dial for 7.30% — not an MBA or lender logo. (iShook Image Desk) Credit: Illustrative house-roof silhouettes, falling application bars, and high-rate dial for 7.30% — not an MBA or lender logo. (iShook Image Desk) Source: https://ishookfinance.com/mba-mortgage-applications-drop-6-percent-30-year-rate-7-30 Source: https://ishookfinance.com/mba-mortgage-applications-drop-6-percent-30-year-rate-7-30 Read the full report Read the full report