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.

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United States MBA Mortgage Applications

Actual Previous Highest Lowest Dates Unit Frequency
2.10 -0.90 55.40 -38.80 2007 - 2021 percent Weekly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-21 11:00 AM 16/Apr 8.6% -3.7%
2021-04-28 11:00 AM 23/Apr -2.5% 8.6%
2021-05-05 11:00 AM 30/Apr -0.9% -2.5%
2021-05-12 11:00 AM 07/May 2.1% -0.9%
2021-05-19 11:00 AM 14/May 2.1%
2021-05-26 11:00 AM 21/May
2021-06-02 11:00 AM 28/May
2021-06-09 11:00 AM 04/Jun


News Stream
Mortgage Applications Rise for 1st Time in 3 Weeks: MBA
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.
2021-05-12
US Mortgage Applications Drop for 2nd Week in a Row
Mortgage applications in the US decreased 0.9 percent in the week ended April 30th, 2021, following a 2.5 percent drop in the previous week, data from the Mortgage Bankers Association showed. Homebuyer mortgage applications fell 2.5 percent while those to refinance a home loan went up 0.1 percent. The average fixed 30-year mortgage rate edged up 1bps to 3.18 percent.
2021-05-05
US Mortgage Applications Fall 2.5%: MBA
Mortgage applications in the US fell 2.5 percent in the week ended April 23rd, 2021, following an 8.6 percent increase in the previous week which was the strongest gain since early January. Home refinancing fell 1.1 percent and applications to purchase a home went down 4.8 percent. The decline came even though the average interest rate for 30-year fixed-rate mortgages fell by 3bps to 3.17%, the lowest since mid-February. “Even with a few weeks of lower rates, most borrowers have likely already refinanced, which is why activity has decreased in seven of the last eight weeks,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
2021-04-28
Mortgage Applications Rebound: MBA
Mortgage applications in the US jumped 8.6 percent in the week ended April 16th, 2021, the first increase in seven weeks and the strongest gain since early January, as mortgage rates dropped to their lowest levels in around two months. Home refinancing jumped 10.4 percent and applications to purchase a home went up 5.7 percent. The average interest rate for 30-year fixed-rate mortgages fell by 7bps to 3.2%, the lowest in two months. "MBA expects the purchase market to remain strong, with the recovering job market and supportive demographics fueling housing demand in the months ahead. The average loan size for purchase applications increased after a few weeks of declines, as fewer homes available for sale make for a competitive buying market that is accelerating home-price growth”, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
2021-04-21

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.