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.

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United States MBA Mortgage Applications

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -1.90 55.40 -38.80 2007 - 2021 percent Weekly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-08-25 11:00 AM 20/Aug 1.6% -3.9%
2021-09-01 11:00 AM 27/Aug -2.4% 1.6%
2021-09-08 11:00 AM 03/Sep -1.9% -2.4%
2021-09-15 11:00 AM 10/Sep 0.3% -1.9%
2021-09-22 11:00 AM 17/Sep 0.3%
2021-09-29 11:00 AM 24/Sep
2021-10-06 11:00 AM 01/Oct
2021-10-13 11:00 AM 08/Oct


News Stream
US Mortgage Applications Rebound: MBA
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.
2021-09-15
US Mortgage Applications Fall for 2nd Week: MBA
Mortgage applications in the US declined 1.9 percent in the week ending September 3rd, following a 2.4 percent drop in the previous period, and pushing the index to the lowest since July, data from the Mortgage Bankers Association showed. Applications to refinance a home declined 2.8 percent and those to purchase a home edged down 0.2 percent. The average fixed 30-year mortgage rate was unchanged at 3.03 percent for a second straight week. "Refinance volume has been moderating, while purchase volume continues to be lower than expected given the lack of homes on the market. Economic data has sent mixed signals, with slower job growth but a further drop in the unemployment rate in August. We expect that further improvements will lead to a tapering of Fed MBS purchases by the end of the year, which should put some upward pressure on mortgage rates”, said Mike Fratantoni, MBA’s chief economist.
2021-09-08
Mortgage Applications Retreat in the Latest Week: MBA
Mortgage applications in the US declined 2.4 percent in the week ending August 27th, following a 1.6 percent rise in the previous period, data from the Mortgage Bankers Association showed. Applications to refinance a home declined 3.8 percent while those to purchase a home increased 0.6 percent. The average fixed 30-year mortgage rate was unchanged at 3.03 percent. "Despite low rates, refinance applications declined, with some borrowers still waiting for rates to drop even lower. Recent uncertainty around the economy and pandemic have kept rates low over the past month, which is why the refinance index has oscillated around these levels", said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
2021-09-01
US Mortgage Applications Rebound: MBA
Mortgage applications in the US were up 1.6 percent in the week ending August 20th, rebounding from a 3.9 percent fall in the previous period, data from the Mortgage Bankers Association showed. Applications to purchase a home surged 3 percent and those for refinancing 0.9 percent. The average fixed 30-year mortgage rate dropped by 3bps to 3.03 percent, easing from a 4-week high in the previous week. “Treasury yields fell last week, as investors continue to anxiously monitor if the rise in COVID-19 cases in several states starts to dampen economic activity. Mortgage rates slightly declined as a result. There was also some easing in average loan sizes, which is potentially a sign that more first-time buyers looking for lower-priced homes are being helped by the recent uptick in for-sale inventory for both newly built homes and existing homes”, Joel Kan, an MBA economist said.
2021-08-25

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.