# Document Retrieval Complete — MBA Weekly Mortgage Applications Survey

## Event Details

**Payload IDs:** 395311, 395310, 395309, 395308, 395307

**Parent Publication:** MBA Weekly Mortgage Applications Survey

**Reference Period:** Week ending March 13, 2026

**Release Date:** 2026-03-18T11:00:00Z (11:00 AM UTC)

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## Retrieval Summary

✅ **Source document located and downloaded**
- **Source:** Mortgage Bankers Association of America  
- **URL:** https://newslink.mba.org/mba-newslinks/2026/march/mortgage-applications-decrease-in-latest-mba-weekly-survey/
- **Format:** HTML
- **Download Date:** 2026-03-18T17:49:41Z

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## Indicators Retrieved (All 5)

| ID | Indicator | Actual | Previous | Status |
|---|---|---|---|---|
| 395311 | MBA Mortgage Market Index | 347.1 | 389.6 | ✅ Verified |
| 395310 | MBA 30-Year Mortgage Rate | 6.3% | 6.19% | ✅ Verified |
| 395309 | MBA Purchase Index | 172.9 | 171.3 | ✅ Verified |
| 395308 | MBA Mortgage Applications | -10.9% | 3.2% | ✅ Verified |
| 395307 | MBA Mortgage Refinance Index | 1341 | 1646.3 | ✅ Verified |

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## Acceptance Checks — All Passed ✅

- [x] **Title match** — "Mortgage Applications Decrease in Latest MBA Weekly Survey" matches event intent (MBA survey, week of 3/13/26)
- [x] **Domain match** — newslink.mba.org is official MBA publication domain
- [x] **Full body extracted** — Complete article content, 5,537 characters (exceeds 2,000 char minimum)
- [x] **Indicators present** — All 5 indicators mentioned in document or clearly present in rate table
- [x] **Structure preserved** — 5 major sections (Market Index, Refinance, Purchase, Rates, Methodology) + data table
- [x] **Numbers verify** — 10.9%, 6.3%, 347.1, 1341, 172.9 all appear in extracted text
- [x] **Artifacts complete:**
  - `raw/395311.html` ✅ (60 KB, source document)
  - `raw/395311_article.html` ✅ (59 KB, detailed article)
  - `results/395311_result.md` ✅ (5.5 KB, processed markdown)
  - `meta/395311.json` ✅ (1.8 KB, metadata)
  - `index.json` entry ✅ (updated with all 5 event IDs)

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## Content Highlights

### Market Composite Index
- **Market Index (347.1):** Decreased 10.9% seasonally adjusted, 10% unadjusted
- **Interpretation:** Sharp drop reflecting rate shock from Middle East geopolitical tensions and inflation concerns

### Mortgage Rates
- **30-year conforming:** 6.3% (up from 6.19%)
- **30-year jumbo:** 6.39% (up from 6.26%)
- **15-year fixed:** 5.66% (up from 5.54%)
- **5/1 ARM:** 5.65% (up from 5.26%)
- **Context:** Highest 30-year rate since December 2025; rates up ~20 bps in two weeks

### Purchase Activity (Resilience Signal)
- **Purchase Index:** +1% (seasonally adjusted), +2% (unadjusted)
- **YoY:** +12% vs. same week 2025
- **Mortgage Banker commentary:** "Purchase applications remained steady despite higher rates...supported by higher inventory and slowing home-price growth"

### Refinance Collapse
- **Refinance Index:** -19% weekly (down to 1341 from 1646.3)
- **YoY context:** Still +69% YoY
- **Conventional refis:** -27% (rate-sensitive)
- **Government refis:** -5% (FHA rates rose less sharply)
- **Share shift:** Refinances fell to 52.3% of total activity from 57.8%

### Government-Backed Loan Share Increases
- **FHA:** 19.4% (up from 17.1%)
- **VA:** 16.7% (up from 16.1%)
- **USDA:** 0.4% (unchanged)
- **ARM share:** Down to 8% from previous week

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## Metadata

- **Survey Coverage:** 75%+ of U.S. retail residential mortgage applications
- **Survey Frequency:** Weekly (since 1990)
- **Respondent Types:** Mortgage bankers, commercial banks, thrifts, credit unions
- **Base Index:** March 16, 1990 = 100
- **Chief Economist Comment:** Joel Kan (MBA VP & Deputy Chief Economist)

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## Quality Assessment

**Full document extracted.** The markdown output preserves complete MBA survey narrative, all rate tables, methodology, and economist commentary. A macro analyst can cite any figure directly from the result file without returning to source.

**Key strength:** Clean separation of adjustable rates (ARM), government programs (FHA/VA/USDA), and product maturity (15y, 30y, 5/1 ARM), enabling precise rate tracking across the market.

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**Retrieval Completion:** 2026-03-18T17:52:00Z