FX.co ★ U.S. Mortgage Refinance Activity Falls as Index Drops to 1145.0

The U.S. Mortgage Refinance Index declined to 1145.0, down from a previous reading of 1341.0, according to the latest data updated on 25 March 2026. The move signals a notable pullback in refinancing activity across the U.S. housing market.

The drop from 1341.0 to 1145.0 suggests fewer homeowners are opting to refinance their existing mortgages compared with the prior period. While the data alone does not specify the drivers, such a decline is often associated with changing borrowing conditions, including shifts in mortgage rates or evolving expectations about the broader economic environment.

Market participants and housing analysts will be watching upcoming releases to see whether this downturn in refinancing proves temporary or marks the beginning of a more sustained cooling in mortgage-related activity in the United States.