# A snapshot of today's mortgage market.

By Brian Cavanaugh (@briancavanaugh) · Published 2026-10-01

Canonical: https://voce.com/@briancavanaugh/snapshot-today-mortgage-market-gbkub7

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**30-Year Fixed PMMS: 7.03%** **▲** **from 6.95%**  
Freddie Mac’s latest published weekly average is still 7.03%. A new PMMS reading is scheduled for noon Eastern today.

**Total Mortgage Applications: 6.0%** **▼** **Weekly**

**Purchase Applications: 4%** **▼** **Weekly | 14%** **▼** **Year Over Year**

**Refinance Applications: 9%** **▼** **Weekly | Refi Share 38.3%** **▼** **from 39.3%**  
Refinances still represent almost 4 out of every 10 mortgage applications.

**Existing-Home Sales: 3.98 Million Annual Pace** **▼** **2.0% Monthly | 1.2%** **▼** **Year Over Year**  
Almost 4 million existing homes are still selling at an annualized pace.

**New-Home Sales: 684,000 Annual Pace** **▲** **6.4% Monthly | 2.0%** **▼** **Year Over Year**  
August new-home sales increased from July’s 643,000 pace.