---
title: "Mortgage Interest Rates Fall as U.S. Home Loan Applications Surge"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283654121.md"
description: "As financing costs decline, U.S. mortgage applications for home purchases rose 10.1%, marking the largest increase since early January and signaling a slow recovery in the real estate market. The 30-year fixed-rate mortgage interest rate fell for the third consecutive week to 6.35%, its lowest level since mid-March. The five-year adjustable-rate mortgage interest rate dropped sharply by 15 basis points to 5.48%. Lower financing costs also pushed the MBA refinancing index up by nearly 6%"
datetime: "2026-04-22T11:26:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283654121.md)
  - [en](https://longbridge.com/en/news/283654121.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283654121.md)
---

# Mortgage Interest Rates Fall as U.S. Home Loan Applications Surge

As financing costs continued to decline, U.S. mortgage applications for home purchases last week saw the largest increase since early January, a sign that the real estate market is slowly recovering. Data released Wednesday by the Mortgage Bankers Association (MBA) showed that the purchase application index for the week ending April 17 rose 10.1%. The contract interest rate on 30-year mortgages fell for the third consecutive week to 6.35%, its lowest level since mid-March. The interest rate on five-year adjustable-rate mortgages dropped sharply by 15 basis points, the largest decline since January, to 5.48%. Lower housing financing costs also drove the MBA refinancing index up by nearly 6%.

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