New home purchase mortgage applications fell 2.4% in April compared to last year, with a 10% month-over-month drop due to high mortgage rates and economic uncertainty. New single-family home sales declined to an annual rate of 655,000 units. Average loan sizes slightly decreased as builders offered incentives. Over half of applications relied on government-backed loans. Mortgage rates remain elevated around 6.3%, limiting affordability despite some optimism for future price easing.