Mortgage applications in the US were up 5.7% in the week ended July 23rd, rebounding from a 4% drop in the previous week, as mortgage rates fell, data from MBA showed. Applications to refinance a home loan jumped 9.3% while those to purchase a home fell 1.6%. The average fixed 30-year mortgage rate dropped by 10bps to 3.01%, the lowest since the week ended February 12th. "The purchase index decreased for the second week in a row to its lowest level since May 2020, and has now declined on an annual basis for the past three months. Potential buyers continue to be put off by extremely high home prices and increased competition", Joel Kan, MBA's associate vice president of economic and industry forecasting, said. 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 July of 2021.

Mortgage Applications in the United States is expected to be 2.60 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 2022, according to our econometric models.

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United States MBA Mortgage Applications

Actual Previous Highest Lowest Dates Unit Frequency
5.70 -4.00 55.40 -38.80 2007 - 2021 percent Weekly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-07-07 11:00 AM 02/Jul -1.8% -6.9%
2021-07-14 11:00 AM 09/Jul 16% -1.8%
2021-07-21 11:00 AM 16/Jul -4% 16%
2021-07-28 11:00 AM 23/Jul 5.7% -4%
2021-08-04 11:00 AM 30/Jul 5.7%
2021-08-11 11:00 AM 06/Aug
2021-08-18 11:00 AM 13/Aug
2021-08-25 11:00 AM 20/Aug


News Stream
Mortgage Applications Rebound: MBA
Mortgage applications in the US were up 5.7% in the week ended July 23rd, rebounding from a 4% drop in the previous week, as mortgage rates fell, data from MBA showed. Applications to refinance a home loan jumped 9.3% while those to purchase a home fell 1.6%. The average fixed 30-year mortgage rate dropped by 10bps to 3.01%, the lowest since the week ended February 12th. "The purchase index decreased for the second week in a row to its lowest level since May 2020, and has now declined on an annual basis for the past three months. Potential buyers continue to be put off by extremely high home prices and increased competition", Joel Kan, MBA's associate vice president of economic and industry forecasting, said.
2021-07-28
US Mortgage Applications Fall 4%: MBA
Mortgage applications in the US declined 4% in the week ended July 16th, after surging by 16% in the previous week which was the strongest gain in six months, data from MBA showed. Applications to purchase a home fell 6.4% and those to refinance a home loan went down 2.8%. The average fixed 30-year mortgage rate edged up 2bps to 3.11% from 3.09% in the previous week which was the lowest since February. "Limited inventory and higher prices are keeping some prospective homebuyers out of the market. Refinance activity fell over the week, but because rates have stayed relatively low, the pace of applications was close to its highest level since early May 2021", Joel Kan, MBA's associate vice president said.
2021-07-21
Mortgage Applications Rise the Most in 6 Months: MBA
Mortgage applications in the US jumped 16 percent in the week ended July 9th, the first increase in 3 weeks and the strongest gain in six months, data from MBA showed. Applications to refinance a home loan surged 20.4 percent and those to purchase a home increased 8.3 percent. The average fixed 30-year mortgage rate fell 6 bps to 3.09 percent, the lowest since February. "We continue to see ebbs and flows as housing demand remains strong but for sale inventory remains low. However, lower rates may be helping some homebuyers close on their purchases, especially first-time homebuyers” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
2021-07-14
Mortgage Applications Down for 2nd Week: MBA
Mortgage applications in the US declined 1.8 percent in the week ended July 2nd, the second consecutive decline, and pushing the index further down to the lowest since the beginning of 2020. Applications to refinance a home loan went down 2.3 percent and those to purchase a home declined 1.1 percent. The average fixed 30-year mortgage rate edged fell 5 bps to 3.15 percent, the lowest in 3 weeks. “Swift home-price growth across much of the country, driven by insufficient housing supply, is weighing on the purchase market and is pushing average loan amounts higher. The 30-year fixed rate was 11 basis points lower than the same week a year ago, but many borrowers previously refinanced at even lower rates” said MBA's Joel Kan.
2021-07-07

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.