FX.co ★ U.S. MBA Mortgage Applications Extend Slide, Falling 8.9% Week-Over-Week

Mortgage demand in the United States weakened further in the latest week, with MBA Mortgage Applications declining by 8.9% week-over-week as of 4 February 2026. This follows an 8.5% week-over-week drop in the prior period, marking two consecutive weeks of substantial declines in application activity.

The data, compiled by the Mortgage Bankers Association, compare changes in application volume for the current week versus the previous week, with the prior reading reflecting the change between the previous two weeks. The back-to-back negative readings underscore a continued cooling in mortgage demand, as fewer borrowers are stepping into the market or seeking to refinance existing loans.