Mortgage applications in the United States surged 3.9 percent in the week ended November 20th, after falling in each of the previous two weeks, data from the Mortgage Bankers Association showed. Homebuyer mortgage applications rose 3.5 percent and those to refinance a home loan surged 4.5 percent. The average fixed 30-year mortgage rate fell 7bps to 2.92 percent, hitting a new record low level. “Weekly mortgage rate volatility has emerged again, as markets respond to fiscal policy uncertainty and a resurgence in Covid-19 cases around the country,” said Joel Kan, MBA’s associate vice president of industry and economic forecasting. source: Mortgage Bankers Association of America

Mortgage Applications in the United States averaged 0.57 percent from 2007 until 2020, 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 November of 2020.

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 0.90 percent in 2021 and 0.60 percent in 2022, according to our econometric models.

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United States MBA Mortgage Applications

Actual Previous Highest Lowest Dates Unit Frequency
3.90 -0.30 55.40 -38.80 2007 - 2020 percent Weekly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-04 12:00 PM 30/Oct 3.8% 1.7%
2020-11-11 12:00 PM 06/Nov -0.5% 3.8%
2020-11-18 12:00 PM 13/Nov -0.3% -0.5%
2020-11-25 12:00 PM 20/Nov 3.9% -0.3%
2020-12-02 12:00 PM 27/Nov 3.9%
2020-12-09 12:00 PM 04/Dec
2020-12-16 12:00 PM 11/Dec
2020-12-23 12:00 PM 18/Dec


News Stream
US Mortgage Applications Rebound, Rates Hit New Low
Mortgage applications in the United States surged 3.9 percent in the week ended November 20th, after falling in each of the previous two weeks, data from the Mortgage Bankers Association showed. Homebuyer mortgage applications rose 3.5 percent and those to refinance a home loan surged 4.5 percent. The average fixed 30-year mortgage rate fell 7bps to 2.92 percent, hitting a new record low level. “Weekly mortgage rate volatility has emerged again, as markets respond to fiscal policy uncertainty and a resurgence in Covid-19 cases around the country,” said Joel Kan, MBA’s associate vice president of industry and economic forecasting.
2020-11-25
US Mortgage Applications Drop for 2nd Week: MBA
Mortgage applications in the United States fell 0.3 percent in the week ended November 13th, following a 0.5 percent drop in the previous week, data from the Mortgage Bankers Association showed. Applications to refinance a home loan fell 1.8 percent while homebuyer mortgage applications rose 3.5 percent. The average fixed 30-year mortgage rate edged up 1bps to 2.99 percent, remaining close to record low levels. “Housing demand remains supported by the ongoing recovery in the job market, and an increased appetite from households seeking more space because of the pandemic,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
2020-11-18
US Mortgage Applications Fall for 1st Time in 3 Weeks
Mortgage applications in the United States fell 0.5 percent in the week ended November 6th, the first fall in three weeks and after a 3.8 percent surge in the previous period, data from the Mortgage Bankers Association showed. Homebuyer mortgage applications went down 2.6 percent while applications to refinance a home loan edged up 0.6 percent. The average fixed 30-year mortgage rate fell 3bps bps to 2.98 percent, setting a new record low. “The purchase market continued its recent slump, with the index decreasing for the sixth time in seven weeks to its lowest level since May 2020. Inadequate housing supply is putting upward pressure on home prices and is impacting affordability, especially for first-time buyers and lower-income buyers”, said Joel Kan, an MBA economist.
2020-11-11
Mortgage Applications Rise for 2nd Week: MBA
Mortgage applications in the United States jumped 3.8 percent in the week ended October 30th, following a 1.7 percent increase in the previous week, data from the Mortgage Bankers Association showed. It is the first time in 3 months applications rise for 2 consecutive weeks. Applications to refinance a home loan surged 6.4 percent while homebuyer mortgage applications went down 1.3 percent. The average fixed 30-year mortgage rate edged up 1bps bps to 3.01 percent, remaining at near record low levels. The rates for jumbo loans, FHA loans and 15-year fixed loans also set record lows.
2020-11-04

United States MBA Mortgage Applications
In the US, the MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week, whether for a purchase or to refinance.