Mortgage applications in the US went up 2.1 percent in the week ended May 7th 2021, the first rise in 3 weeks, as rates fell, data from the Mortgage Bankers Association showed. Applications to refinance a home loan rose 2.9 percent and those to purchase a home edged up 0.8 percent. The average 30-year fixed-rate mortgages with conforming loan balances decreased to 3.11 percent, the lowest in near 3 months, from 3.18 percent in the previous week. “Most markets this spring continue to see robust demand, but activity continues to be constrained by insufficient inventory levels, as well as homebuilder challenges related to the ongoing shortages and price increases for building materials” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. source: Mortgage Bankers Association of America
Mortgage Applications in the United States averaged 0.53 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 May of 2021.
Mortgage Applications in the United States is expected to be -0.60 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.