Mortgage rates for 30-year fixed loans rose to 7.49%, the highest level in almost three years, leading to a 4.2% weekly drop in total mortgage applications. Refinancing requests fell 8% weekly and are down 56% from last year, as fewer homeowners find refinancing attractive at current rates. Home purchase applications also declined 2% weekly and 15% year-over-year, with more borrowers opting for adjustable-rate mortgages (ARMs) to manage higher initial payments. While rates slightly eased this week, demand remains subdued amid affordability challenges.
Mortgage rates near a three-year high provide context for this market snapshot. For readers following Financials-sector US stocks on Pluang, 23 rose and 58 fell out of 85 priced stocks. Notable movers include PUK at USD 24.00 with a 1-day change of -2.44%, HUT at USD 89.99 with a 1-day change of -2.42% and Pluang order activity heavily skewed to sell, and COIN at USD 181.50 with a 1-day change of -2.28% and 89% sell orders. This data is as of Oct 07, 2026 16:51 WIB.
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