Mortgage applications in the US increased 4.2% in the week ended June 17th, following a 6.6% rise in the previous period driven by a 7.9% rise in conventional applications. Meanwhile, the refinancing index fell 3.1% as the average rate on a 30-year fixed-rate mortgage rose by 33bps to 5.98%, the highest since November 2008. Compared to a year earlier, applications declined 10%. Meanwhile, the average loan size, at just over $420,000, is well below its $460,000 peak earlier this year and is potentially a sign that home price growth is moderating. 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 June 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.