Mortgage applications in the United States declined by 0.6% on a seasonally adjusted basis for the week ending March 29, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey revealed on Wednesday.

The Purchasing Index went down slightly from the previous week’s 145.7 to 145.6. The Mortgage Market Index fell from 196.8 seen the week before to 195.6. Meanwhile, the Mortgage Refinance Index saw a sharper weekly drop from 460.9 to 453.5.

The 30-year mortgage rate slid slightly from 6.93% to 6.91%.

Join the discussion: Connect with other investors on your favorite stocks or explore the top-talked-about stocks on our Breakout Boards.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.