Mortgage applications in the United States fell 11.4 percent in the week ended February 19th, the largest decline since April last year, due to higher mortgage rates and the severe winter weather across the South, data from the Mortgage Bankers Association showed. Applications to refinance a home loan dropped 11.3 percent, but were up 50 percent year-on-year; while those to purchase a home were down 11.6 percent, but were 7 percent higher than the previous year. The average fixed 30-year mortgage rate increased 3.08 percent last week, the highest since last September. source: Mortgage Bankers Association of America
Mortgage Applications in the United States averaged 0.55 percent from 2007 until 2021, reaching an all time high of 55.40 percent in March of 2020 and a record low of -38.80 percent in January of 2009. This page provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States MBA Mortgage Applications - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Mortgage Applications in the United States is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Mortgage Applications in the United States to stand at 2.60 in 12 months time. In the long-term, the United States MBA Mortgage Applications is projected to trend around 0.60 percent in 2022, according to our econometric models.