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New home purchase mortgage applications fell in April 2026
Key takeaways
- On a month-over-month basis, unadjusted application volume fell 10% from March, a comparison the MBA noted does not account for seasonal trends.
- "Ongoing economic uncertainty and higher mortgage rates contributed to lower purchase activity for newly built homes in April," said Joel Kan, MBA s vice president and deputy chief economist, in a statement.
- Stripped of seasonal adjustment, the association counted roughly 60,000 new home sales during the month, compared with 69,000 in March — a 13% retreat.
New home purchase mortgage applications fell in April 2026 Quartz · Al Drago / Getty Images Colleen Cabili Thu, May 21, 2026 at 8:40 PM GMT+7 2 min read A 2.4% year-over-year drop in mortgage applications for new home purchases was recorded in April, according to a survey released by the Mortgage Bankers Association — marking the first such annual contraction since October 2025.
On a month-over-month basis, unadjusted application volume fell 10% from March, a comparison the MBA noted does not account for seasonal trends.
"Ongoing economic uncertainty and higher mortgage rates contributed to lower purchase activity for newly built homes in April," said Joel Kan, MBA s vice president and deputy chief economist, in a statement.
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