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25.03.202611:06:55UTC+00US Mortgage Rates Hit 5-Month High

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less rose to 6.43% for the week ending March 20, 2026—its highest level since early October and the third consecutive weekly increase. The jump in rates sharply curbed borrowing demand: total mortgage applications sank 10.5% following a 10.9% decline the previous week. Refinancing activity led the pullback, tumbling 14.6%, while purchase applications dropped 5.4%, underscoring growing affordability pressures for prospective homebuyers.

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