Purchase Applications Rise Despite 30-Year Mortgage Rates Hitting Eleven-Month High

By Sarah Wolak · HousingWire · 2026-07-22

HousingWire reporting shows a 1.9% uptick in weekly mortgage applications as buyers show resilience against rising borrowing costs. While the 30-year fixed rate climbed to 6.69%, the Mortgage Bankers Association found that purchase activity grew by 6% on a seasonally adjusted bas

HousingWire reporting shows a 1.9% uptick in weekly mortgage applications as buyers show resilience against rising borrowing costs. While the 30-year fixed rate climbed to 6.69%, the Mortgage Bankers Association found that purchase activity grew by 6% on a seasonally adjusted bas