Mortgage applications in the US increased 4.2% in the week ending June 11th, the first rise in 4 weeks, data from the Mortgage Bankers Association showed. Applications to refinance a home loan surged 5.5% and purchases were up 1.1%. The average fixed 30-year mortgage rate edged down by 4 bps to 3.11 percent, the lowest in 5 weeks. “An almost 5 percent increase in government purchase applications drove most of last week’s gain while also tempering the recent growth in loan sizes,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said. 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 June 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.