Mortgage applications in the US increased 0.7% in the week ended June 24th, a third consecutive weekly rise, led by a 1.9% advance in the refinancing index as the average rate on a 30-year fixed-rate mortgage fell for the first time in four weeks to 5.84%. Still, applications to purchase a home edged up 0.1% only, as borrowing costs remained elevated and close to 2008-highs. "Overall purchase activity has weakened in recent months due to the quick jump in mortgage rates, high home prices, and growing economic uncertainty. The average purchase loan amount declined to $413,500, which highlights an ongoing downward trend seen since it hit a record $460,000 in March 2022”, said Joel Kan, an MBA economist. 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 July 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
2022-06-22 11:00 AM 17/Jun 4.2% 6.6%
2022-06-29 11:00 AM 24/Jun 0.7% 4.2%
2022-07-06 11:00 AM 01/Jul 0.7%


Related Last Previous Unit Reference
Mortgage Rate 5.84 5.98 percent Jun 2022
Mortgage Applications 0.70 4.20 percent Jun 2022
MBA Mortgage Refinance Index 726.10 712.70 points Jun 2022
MBA Mortgage Market Index 322.70 320.40 points Jun 2022
MBA Purchase Index 243.10 242.80 points Jun 2022
Average Mortgage Size 422.10 419.00 Thousand USD Jun 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
0.70 4.20 112.10 -40.50 1990 - 2022 percent Weekly
SA

News Stream
US Mortgage Applications Rise for 3rd Week: MBA
Mortgage applications in the US increased 0.7% in the week ended June 24th, a third consecutive weekly rise, led by a 1.9% advance in the refinancing index as the average rate on a 30-year fixed-rate mortgage fell for the first time in four weeks to 5.84%. Still, applications to purchase a home edged up 0.1% only, as borrowing costs remained elevated and close to 2008-highs. "Overall purchase activity has weakened in recent months due to the quick jump in mortgage rates, high home prices, and growing economic uncertainty. The average purchase loan amount declined to $413,500, which highlights an ongoing downward trend seen since it hit a record $460,000 in March 2022”, said Joel Kan, an MBA economist.
2022-06-29
US Mortgage Applications Rise for 2nd Week: MBA
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% surge 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.
2022-06-22
US Mortgage Applications Rise: MBA
Mortgage applications in the US increased 6.6% in the week ended June 10th, the first increase in five weeks, but were 52.7% lower than a year earlier. The purchase index jumped 8.1% and the refinancing 3.7%. Meanwhile, the average contract rate on a 30-year fixed-rate mortgage rose by 25 basis points to 5.65%, the highest level since late 2008. “Mortgage rates followed Treasury yields up in response to higher-than-expected inflation and anticipation that the Federal Reserve will need to raise rates at a faster pace,” said Joel Kan, an MBA economist.
2022-06-15