Mortgage applications in the US rose by 3.3% from the previous week on April 12th, pointing to some traction in mortgage demand following four consecutive weeks of muted applications. It was the sharpest increase in one month, despite the rising momentum in average mortgage rates due to the upswing in long-term US Treasury yields. The MBA noted that higher mortgage demand amid the rise in rates was due to resilient economic confidence for consumers, and efforts to undercut an even sharper increase in future rates. Applications for a mortgage to purchase a new home rose by 5% to bounce from a similar-magnitude plunge in the earlier week, while applications for a mortgage to refinance a home edged up by 0.5%, extending the 10% surge noted earlier. source: Mortgage Bankers Association of America

Mortgage Application in the United States increased by 3.30 percent in the week ending April 12 of 2024 over the previous week. Mortgage Applications in the United States averaged 0.57 percent from 1990 until 2024, 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 April of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-10 11:00 AM
MBA Mortgage Applications
Apr/05 0.1% -0.6%
2024-04-17 11:00 AM
MBA Mortgage Applications
Apr/12 3.3% 0.1%
2024-04-24 11:00 AM
MBA Mortgage Applications
Apr/19 3.3%


Related Last Previous Unit Reference
Average Mortgage Size 453.00 441.80 Thousand USD Mar 2024
MBA Mortgage Market Index 202.10 195.70 points Apr 2024
MBA Mortgage Refinance Index 500.70 498.30 points Apr 2024
MBA Purchase Index 145.60 138.70 points Apr 2024
MBA Mortgage Applications 3.30 0.10 percent Apr 2024
MBA 30-Year Mortgage Rate 7.13 7.01 percent Apr 2024

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
3.30 0.10 112.10 -40.50 1990 - 2024 percent Weekly
SA

News Stream
US Mortgage Applications Rise the Most in 1 Month
Mortgage applications in the US rose by 3.3% from the previous week on April 12th, pointing to some traction in mortgage demand following four consecutive weeks of muted applications. It was the sharpest increase in one month, despite the rising momentum in average mortgage rates due to the upswing in long-term US Treasury yields. The MBA noted that higher mortgage demand amid the rise in rates was due to resilient economic confidence for consumers, and efforts to undercut an even sharper increase in future rates. Applications for a mortgage to purchase a new home rose by 5% to bounce from a similar-magnitude plunge in the earlier week, while applications for a mortgage to refinance a home edged up by 0.5%, extending the 10% surge noted earlier.
2024-04-17
Mortgage Applications Hold Muted Momentum
Mortgage applications in the US edged 0.1% higher on the week ending April 5th, holding loosely unchanged from three consecutive drops to the end of March, according to data compiled by the MBA. The sideways movement came as applications to refinance a home soared by 10% from the previous week, as the surge in mortgage rates drove households to lock in contracts before risking a further increase in borrowing costs. This was triggered by sharp increases in long-term US Treasury yields, with the latest data showing that average mortgage rates rose beyond 7% for the first time in five weeks. The development offset a 5% plunge in applications to purchase a new home.
2024-04-10
US Mortgage Applications Decrease for 3rd Week
Mortgage applications in the US fell by 0.6% on the week ending March 29th, extending the 0.7% drop in the previous week to mark the third consecutive period of lower mortgage demand, further trimming the surge in applications in the start of the month, according to data compiled by the MBA. The slight decrease coincided with a 2bps ease in average mortgage rates, in line with the slight support for long-dated Treasury yields. Applications to refinance a home fell by 2%, while those to purchase a home edged 0.1% lower.
2024-04-03