DFW Market Brief, Episode 38 — Tuesday, November 10, 2026

From Kyler Hood's DFW Market Brief · 00:02:32

Show by Kyler Hood DFW Realtor

The Mortgage Bankers Association survey for the week ending October 30 showed applications down even as rates fell. Purchase applications fell 2 percent for the week and sit 19 percent below a year ago. Why one week of applications is a noisy way to measure demand, and the adjustable-rate share to watch.The numbers from this episode:Total applications: down 1.2 percent from the week before, seasonally adjusted; purchase applications down 2 percent, 19 percent below a year ago; refinance applications up 0.1 percent, 60 percent below a year ago (Mortgage Bankers Association)MBA 30-year fixed on conforming loans: 7.30 percent, down from 7.37 percent, lowest since September; jumbo 7.20 percent, down from 7.28 percent; FHA 7.02 percent, down from 7.12 percent; 15-year 6.76 percent, up from 6.70 percent (Mortgage Bankers Association)Refinance share: 39.8 percent, up from 38.9 percent (Mortgage Bankers Association)Adjustable-rate mortgages: 11.4 percent of applications, highest share since September 2025, up from 11.3 percent; average 5/1 ARM rate 6.29 percent, 1.01 percentage points below the MBA 30-year fixed rate of 7.30 percent (Mortgage Bankers Association)"Mortgage rates drifted down to their lowest level since September 2026 last week in the wake of the Federal Reserve's decision to hold on additional rate hikes at its October meeting." (Mike Fratantoni, MBA chief economist)Prior week: total applications rose 3.4 percent in the week ending October 23 (Mortgage Bankers Association, as covered in Episode 32)The MBA 7.30 percent is the week ending October 30, from lender contract rates; Freddie Mac's 7.18 percent is the week ending November 5, from a different survey (Mortgage Bankers Association; Freddie Mac)Sources:Mortgage Bankers Association Weekly Mortgage Applications Survey, week ending October 30, 2026, published November 4, 2026Freddie Mac Primary Mortgage Market Survey, week ending November 5, 2026Kyler Hood, eXp Realty, TX license #828001. 469-434-2586. https://kylerhood.com

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