Mortgage applications decreased 10.5% from one week earlier as high oil prices are keeping Treasury yields inflated, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending March 20, 2026.

On an unadjusted basis, MBA’s index decreased 10% compared with the previous week.

“The threat of higher-for-longer oil prices continued to keep Treasury yields elevated, and mortgage rates finished last week higher. The 30-year fixed rate rose to 6.43%, more than 30 basis points higher than at the end of February and at its highest level since October 2025,” said Joel details ⇒

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