Mortgage applications in the US fell 2.3% in the week ending August 12th, dragged down by a 5.4% drop in the refinancing index and a 0.8% decrease in the purchase one. Meanwhile, the average rate on a 30-year fixed-rate mortgage declined 2 bps to 5.45%. Compared to the previous year, refinancing is down 82% and applications to buy a home are 18% lower. source: Mortgage Bankers Association of America

Mortgage Applications in the United States averaged 0.61 percent from 1990 until 2022, reaching an all time high of 112.10 percent in November of 2008 and a record low of -40.50 percent in January of 1993. 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 August of 2022.

Mortgage Applications in the United States is expected to be 2.00 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 2023, according to our econometric models.

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United States MBA Mortgage Applications



Calendar GMT Actual Previous Consensus TEForecast
2022-08-10 11:00 AM 05/Aug 0.2% 1.2%
2022-08-17 11:00 AM 12/Aug -2.3% 0.2%
2022-08-24 11:00 AM 19/Aug -2.3%


Related Last Previous Unit Reference
Mortgage Rate 5.45 5.47 percent Aug 2022
Mortgage Applications -2.30 0.20 percent Aug 2022
MBA Purchase Index 203.80 205.40 points Aug 2022
MBA Mortgage Refinance Index 627.10 662.90 points Aug 2022
MBA Mortgage Market Index 273.30 279.80 points Aug 2022
Average Mortgage Size 416.30 413.00 Thousand USD Aug 2022

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. The survey covers over 75% of all US retail residential mortgage applications.
Actual Previous Highest Lowest Dates Unit Frequency
-2.30 0.20 112.10 -40.50 1990 - 2022 percent Weekly
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News Stream
US Mortgage Applications Fall: MBA
Mortgage applications in the US fell 2.3% in the week ending August 12th, dragged down by a 5.4% drop in the refinancing index and a 0.8% decrease in the purchase one. Meanwhile, the average rate on a 30-year fixed-rate mortgage declined 2 bps to 5.45%. Compared to the previous year, refinancing is down 82% and applications to buy a home are 18% lower.
2022-08-17
Mortgage Applications Little Changed: MBA
Mortgage applications in the US edged 0.2% higher in the first week of August, prompted by a 3.5% jump in refinancing while those to purchase a home fell 1.4%. Meanwhile, the average rate on a 30-year fixed-rate mortgage increased 4bps to 5.47%. Compared to the previous year, refinancing is down 82% and applications to buy a home are 19% lower. “The purchase market continues to experience a slowdown, despite the strong job market. Activity has now fallen in five of the last six weeks, as buyers remain on the sidelines due to still-challenging affordability conditions and doubts about the strength of the economy”, Joel Kan, MBA’s associate vice president said.
2022-08-10
US Mortgage Applications Rise for 1st Time in a Month
Mortgage applications in the US increased 1.2% in the last week of July, the first rise in five weeks, as both the refinance index (1.5%) and the purchase one (1%) went up. Meanwhile, the average rate on a 30-year fixed-rate mortgage fell for a second straight time, down by 31bps to 5.43%. It is the biggest fall in mortgage costs since 2020. “Mortgage rates declined last week following another announcement of tighter monetary policy from the Federal Reserve, with the likelihood of more rate hikes to come. Treasury yields dropped as a result, as investors continue to expect a weaker macroeconomic environment in the coming months. Lower mortgage rates, combined with signs of more inventory coming to the market, could lead to a rebound in purchase activity”, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
2022-08-03