FX.co ★ US MBA Mortgage Applications Plunge 10.9% in Latest Weekly Reading

Mortgage demand in the United States dropped sharply in the latest week, with MBA Mortgage Applications falling 10.9% week-over-week, according to data updated on 18 March 2026. This marks a significant reversal from the previous week, when applications had risen 3.2%.

The week-over-week comparison highlights how quickly momentum has shifted in the housing finance market. While the prior period showed growing interest in mortgage borrowing, the latest reading indicates a notable pullback in activity, as measured by the Mortgage Bankers Association’s application index.

With the current figure reflecting the change from the latest week versus the prior one, and the previous 3.2% gain capturing the shift from the week before that, the data underscores rising volatility in mortgage demand as borrowers reassess conditions in the U.S. housing and credit markets.