Mortgage applications in the United States declined 2.6 percent in the week ended May 15th 2020, after rising 0.3 percent in the previous week, data from the Mortgage Bankers Association showed. Refinance applications dropped 6.3 percent while applications to purchase a home went up 6.4 percent. Meantime, the average fixed 30-year mortgage rate fell 2bps to 3.41 percent.
Mortgage Applications in the United States averaged 0.57 percent from 2007 until 2020, 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 May of 2020. source: Mortgage Bankers Association of America
Mortgage Applications in the United States is expected to be 1.50 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 0.90 in 12 months time. In the long-term, the United States MBA Mortgage Applications is projected to trend around 0.90 percent in 2021, according to our econometric models.