FX.co ★ U.S. MBA Purchase Index Slips to 163.6, Signaling Softer Mortgage Demand

The U.S. Mortgage Bankers Association (MBA) Purchase Index declined to 163.6, down from the previous reading of 172.9, according to data updated on 25 March 2026. The drop points to a cooling in mortgage application activity for home purchases across the United States.

The decrease suggests that fewer buyers are initiating new home purchase loans compared with the prior period, potentially reflecting shifting affordability conditions or changing sentiment in the housing market. While the index remains a key high-frequency gauge of housing demand, the latest move from 172.9 to 163.6 underscores a moderation in purchase activity that market participants will be watching for signs of a broader trend.