Mortgage applications in the US increased 3.8% in the week ended September 16th, the first rise in six weeks, and the biggest in three months. Applications to refinance a home loan jumped 10.4% and applications to purchase a home went up 1%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.25% from 6.01%, reaching the highest level since October 2008. “The weekly gain in applications, despite higher rates, underscores the overall volatility right now as well as Labor Day-adjusted results in the prior week,” Joel Kan, an MBA economist said. source: Mortgage Bankers Association of America

Mortgage Applications in the United States averaged 0.60 percent from 1990 until 2022, reaching an all time high of 112.10 percent in November of 2008 and a record low of -40.50 percent in January of 1993. 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 September of 2022.

Mortgage Applications in the United States is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States MBA Mortgage Applications is projected to trend around 0.60 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States MBA Mortgage Applications



Calendar GMT Actual Previous Consensus TEForecast
2022-09-14 11:00 AM 09/Sep -1.2% -0.8%
2022-09-21 11:00 AM 16/Sep 3.8% -1.2%
2022-09-28 11:00 AM 23/Sep 3.8%


Related Last Previous Unit Reference
Mortgage Rate 6.25 6.01 percent Sep 2022
Mortgage Applications 3.80 -1.20 percent Sep 2022
Average Mortgage Size 413.20 405.00 Thousand USD Sep 2022
MBA Purchase Index 200.10 198.10 points Sep 2022
MBA Mortgage Refinance Index 588.10 532.90 points Sep 2022
MBA Mortgage Market Index 264.70 255.00 points Sep 2022

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. The survey covers over 75% of all US retail residential mortgage applications.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 -1.20 112.10 -40.50 1990 - 2022 percent Weekly
SA

News Stream
US Mortgage Applications Rise the Most in 3 Months
Mortgage applications in the US increased 3.8% in the week ended September 16th, the first rise in six weeks, and the biggest in three months. Applications to refinance a home loan jumped 10.4% and applications to purchase a home went up 1%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.25% from 6.01%, reaching the highest level since October 2008. “The weekly gain in applications, despite higher rates, underscores the overall volatility right now as well as Labor Day-adjusted results the prior week,” Joel Kan, an MBA economist said.
2022-09-21
US Mortgage Applications Fall For 5th Week
Mortgage applications in the US fell 1.2% in the week ended September 9th, a fifth consecutive decline as the 30-year mortgage rate hit 6% for the first time since 2008. Applications to refinance a home loan went down 4.2%, offsetting a 0.2% rise in applications to purchase a home. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.01% from 5.94%, its highest since November of 2008. A year earlier, interest rates were much lower around 3%.
2022-09-14
US Mortgage Applications Fall as Rates Jump: MBA
Mortgage applications in the US dropped by 0.8% in the week ended September 2nd, a fourth consecutive decline as high mortgage rates continued to discourage buyers. The refinancing index was down 1.1% and the purchase one declined by 0.7%. Meanwhile, the average rate on a 30-year fixed-rate mortgage jumped by 14bps to 5.94%, the highest since mid-June. “Mortgage rates moved higher over the course of last week as markets continued to re-assess the prospects for the economy and the path of monetary policy, with expectations for short-term rates to move and stay higher for longer”, said Mike Fratantoni, MBA chief economist. "There is no sign of a rebound in purchase applications yet, but the robust job market and an increase in housing inventories should lead to an eventual increase in purchase activity", Fratantoni added.
2022-09-07