Mortgage applications in the United States declined 1.2% in the week ended May 20th, following an 11% slump in the previous week, as high prices and rates continue to weigh on buyers' affordability, data from the MBA showed. Applications to refinance a home dropped 3.9%, offsetting a 0.2% increase in the purchasing index. Meanwhile, the average contract rate on a 30-year fixed-rate mortgage edged down by 3bps to 5.46%. Borrowing costs fell for a second straight week but remained at 2009 high levels. source: Mortgage Bankers Association of America
Mortgage Applications in the United States averaged 0.62 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 May 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.