US Mortgage Applications Surge

2026-01-14 12:19 By Andre Joaquim 1 min. read

The volume of mortgage applications in the US surged by 28.5% from the previous week in the second full week of January, rebounding from three consecutive periods of declines that were loosely held at the turn of the year, according to data compiled by the Mortgage Bankers Association.

It was the sharpest increase since September, aligned with the decline in benchmark mortgage rates, with that of a 30-year contract dropping to a 15-month low of 6.18%.

The surge took place despite some stubbornness in long-dated Treasury yields after US President Trump stated he would order the Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities.

Applications for contracts to refinance a mortgage, which are sensitive to short-term changes in interest rates, surged by 40% from the previous week.

Meanwhile, applications for a mortgage to purchase a home rose by 16.9%.



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