05/27/2026
-Mortgage applications fell 8.5% leading up to Memorial Day weekend as rising average mortgage rates pushed down refinancings.
-Applications overall continue to be affected by rising rates, as the ongoing conflict between the United States and Iran puts pressure on global oil supplies, fueling inflation and market uncertainty.
-Adjustable‑rate mortgages made up 9.4% of applications, down slightly from the previous week.
~ Homes.com