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05.08.202611:00:00UTC+00U.S. Mortgage Demand Still Falling, But Pace of Decline Eases in Latest MBA Data

U.S. mortgage applications continued to decline in the latest week, but at a slower pace than before, according to Mortgage Bankers Association (MBA) data updated on 05 August 2026. Total applications fell 2.9% week-over-week, improving from a sharper 6.4% drop in the previous week.

The week-over-week comparison shows that while borrowing demand remains under pressure, the downturn is losing some momentum. The current figure reflects the change in applications versus the prior week, whereas the previous reading captured the shift against the week before that. This moderation in the rate of decline may hint at tentative stabilization in mortgage activity, though overall demand is still contracting on a weekly basis.

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