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.

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United States MBA Mortgage Applications

Actual Previous Highest Lowest Dates Unit Frequency
-5.10 -2.20 55.40 -38.80 2007 - 2021 percent Weekly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-17 11:00 AM 12/Mar -2.2% -1.3%
2021-03-24 11:00 AM 19/Mar -2.5% -2.2%
2021-03-31 11:00 AM 26/Mar -2.2% -2.5%
2021-04-07 11:00 AM 02/Apr -5.1% -2.2%
2021-04-14 11:00 AM 09/Apr -5.1%
2021-04-21 11:00 AM 16/Apr
2021-04-28 11:00 AM 23/Apr
2021-05-05 11:00 AM 30/Apr


News Stream
Mortgage Applications Fall the Most in 6 Weeks: MBA
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.
2021-04-07
Mortgage Applications Continue to Fall: MBA
Mortgage applications in the US fell 2.2 percent in the week ended March 26th, 2021, the 4th consecutive decline, as higher mortgage rates started to dent the market. Applications to purchase a home went down 1.5 percent and home refinancing dropped 2.5 percent. The average interest rate for 30-year fixed-rate mortgages edged down to 3.33% from 3.36% which was the highest since the beginning of June, and pausing 7 consecutive weeks of rising rates. “Higher mortgage rates continue to shut down refinance activity, as the pool of borrowers who can benefit from a refinance further shrinks. Many prospective homebuyers this spring are feeling the effects of higher rates and rapidly accelerating home prices” said Joel Kan, an MBA economist.
2021-03-31
US Mortgage Applications Drop For 3rd Week
Mortgage applications in the US fell 2.5 percent in the week ended March 19th, 2021, the third consecutive decline, mainly due to a 5.1 percent fall in home refinancing as higher mortgage rates started to dent the market. Meanwhile, applications to purchase a home rose 2.6%. “Purchase applications were strong over the week, driven both by households seeking more living space and younger households looking to enter homeownership,” said Joel Kan, an MBA economist. “The average purchase loan balance increased again, both by quickening home-price growth and a rise in higher-balance conventional applications”. The average interest rate for 30-year fixed-rate mortgages increased to 3.36% from 3.28%, the highest since the beginning of June.
2021-03-24
US Mortgage Applications Drop for 2nd Week in a Row
Mortgage applications in the United States fell 2.2 percent in the week ended March 12th, following a 1.3 percent drop in the previous week, data from the Mortgage Bankers Association showed. Applications to refinance a home loan declined 4.2 percent on a weekly basis and were 39 percent lower than a year ago. Applications to purchase a home, which are less sensitive to weekly rate moves, rose 1.8 percent from the previous week and were up 5 percent year-on-year. The average fixed 30-year mortgage rate was up 2 basis point to 3.28 percent, the highest level since the week ended June 26th 2020.
2021-03-17

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.