Mortgage applications in the US sank 5.1 percent in the week ended April 2nd, 2021, the 5th consecutive decline, as higher mortgage rates started to dent the market. Applications to purchase a home went down 4.6 percent and home refinancing dropped 5.3 percent. The average interest rate for 30-year fixed-rate mortgages edged up to 3.36% from 3.33%, back to the highest since the beginning of June. “The rapidly recovering economy and improving job market is generating sizable home buying demand, but activity in recent weeks is constrained by quicker home-price growth and extremely low inventory", said Joel Kan, an MBA economist. 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 April 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.