Mortgage applications for new home purchases fell 2.4% year-over-year and 10% from March 2026, with new single-family home sales estimated at a seasonally adjusted annual rate of 655,000 units, down 8.6% from March. Conventional loans made up 49.5% of applications, FHA 35.7%, VA 13.7%, and USDA 1.1%. The average loan size decreased to $378,384. High unsold inventory and economic uncertainty contributed to the decline.
New home purchase applications ↓~2% yearly in Early-Q2, while unadjusted volume ↓10% MoM as rates and uncertainty kept buyers selective nationwide now. Estimated new single-family
Mortgage applications for new home purchases fell 2.4% year-over-year and 10% from March 2026, with new single-family home sales estimated at a seasonally adjusted annual
Low-6% rates are still described as strong, while near 6% may carry added psychological weight for borrowers watching affordability and timing decisions closely. One industry
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