Mortgage applications in the United States rose by 6.8 percent in the week ended August 7th, rebounding from a 5.1 percent drop in the previous week as rates fell again to new record lows, data from the Mortgage Bankers Association showed. Applications to refinance a home loan jumped 9.1 percent to its highest level since April, and homebuyer mortgage applications increased 2 percent. The average fixed 30-year mortgage rate went down 8 bps to a fresh all-time low of 3.06 percent.
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 August of 2020. source: Mortgage Bankers Association of America
Mortgage Applications in the United States is expected to be -3.50 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 0.90 in 12 months time. In the long-term, the United States MBA Mortgage Applications is projected to trend around 0.90 percent in 2021, according to our econometric models.