International Economic

US mortgage applications fall 10.4pc as mortgage rates surge

By Iain Gilbert

Date: Wednesday 01 Apr 2026

(Sharecast News) - US mortgage applications fell 10.4% in the week ended 27 March, according to the Mortgage Bankers Association, extending the prior week's 10.5% decline, with the latest slump coming as benchmark mortgage rates jumped 48 basis points over the course of the month.
Applications to refinance a mortgage, which...

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