15.04.202611:07:06UTC+00US Mortgage Rates Down to One-Month Low: MBA

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less declined for a second consecutive week to 6.42% in the week ending April 10, 2026, its lowest level in about a month, down from 6.51% the previous week, according to data from the Mortgage Bankers Association (MBA).

“Given the evolving situation in the Middle East and its impact on energy and commodity prices, mortgage rates declined last week,” said Joel Kan, an economist at the MBA. Mortgage rates generally track movements in Treasury yields, which fell as growing prospects for diplomatic talks raised hopes of a potential end to the war.

In response, overall mortgage applications rose 1.8%, the first increase in five weeks. Refinancing applications climbed 5.1%, while applications to purchase a home slipped 1%.

“Purchase activity remained subdued as potential homebuyers stayed cautious amid ongoing economic uncertainty, keeping purchase applications below last year’s level for the second consecutive week,” Kan added.