Mortgage applications in the US inched up 0.3 percent in the week ending September 10th, the first increase in three weeks, data from the Mortgage Bankers Association showed. Applications to purchase a home jumped 7.5 percent, pushing the index to the highest since April while those to refinance a home declined 3.2 percent. The average fixed 30-year mortgage rate was unchanged at 3.03 percent for a third straight week. "Both conventional and government purchase applications increased, and the average loan size for a purchase application rose to $396,800. The very competitive purchase market continues to put upward pressure on sales prices” said Joel Kan, an MBA economist. source: Mortgage Bankers Association of America
Mortgage Applications in the United States averaged 0.52 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 September 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.