Mortgage applications decreased 10.9% from one week earlier, according to the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 13.

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

“Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle East kept oil prices elevated, along with the risk of a broader inflationary shock. Mortgage rates increased across the board, with the 30-year fixed rate rising to 6.30%, the highest rate since December 2025,” said Joel Kan, MBA’s vice president and deputy details ⇒

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