Mortgage applications in the US fell by 2.3% from the previous week in the period ending April 26th, extending the two-month-high decline of 2.7% from the earlier week, according to data compiled by the MBA. The continued drop was in line with another fresh increase in mortgage rates (+5bps to a five-month high of 7.29%), as expectations that high inflation will force the Federal Reserve to maintain interest rates higher for longer triggered a sharp increase in long-dated Treasury yields. Applications to refinance a home fell by 3% from the earlier week, while applications for a mortgage to purchase a new home fell by 2%. In the meantime, elevated mortgage rates drove adjustable-rate mortgages to a total of 7.8% of total contracts in the week, the most this year. source: Mortgage Bankers Association of America

Mortgage Application in the United States decreased by 2.30 percent in the week ending April 26 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 May of 2024.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-04-24 11:00 AM
MBA Mortgage Applications
Apr/19 -2.7% 3.3%
2024-05-01 11:00 AM
MBA Mortgage Applications
Apr/26 -2.3% -2.7%
2024-05-08 11:00 AM
MBA Mortgage Applications
May/03 -2.3%


Related Last Previous Unit Reference
Average Mortgage Size 453.00 441.80 Thousand USD Mar 2024
MBA Mortgage Market Index 192.10 196.70 points Apr 2024
MBA Mortgage Refinance Index 456.90 472.70 points Apr 2024
MBA Purchase Index 141.70 144.20 points Apr 2024
MBA Mortgage Applications -2.30 -2.70 percent Apr 2024
MBA 30-Year Mortgage Rate 7.29 7.24 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
-2.30 -2.70 112.10 -40.50 1990 - 2024 percent Weekly
SA


News Stream
US Mortgage Applications Drop for 2nd Week
Mortgage applications in the US fell by 2.3% from the previous week in the period ending April 26th, extending the two-month-high decline of 2.7% from the earlier week, according to data compiled by the MBA. The continued drop was in line with another fresh increase in mortgage rates (+5bps to a five-month high of 7.29%), as expectations that high inflation will force the Federal Reserve to maintain interest rates higher for longer triggered a sharp increase in long-dated Treasury yields. Applications to refinance a home fell by 3% from the earlier week, while applications for a mortgage to purchase a new home fell by 2%. In the meantime, elevated mortgage rates drove adjustable-rate mortgages to a total of 7.8% of total contracts in the week, the most this year.
2024-05-01
US Mortgage Applications Fall the Most in 2 Months
Mortgage applications in the US fell by 2.7% from the previous week in the period ending April 19th, trimming the 3.3% increase from halfway through the month to mark the sharpest weekly decline since early February, according to data compiled by the MBA. The drop in mortgage applications was consistent with the fresh jump in mortgage rates (+11bps to 7.24%), as hot economic data and stubborn inflation held the sharp selling pressure for US Treasuries. Applications to purchase a new home fell by 1% from the earlier period. Applications to refinance a home, which are more sensitive to abrupt changes in mortgage rates, sank by 6%.
2024-04-24
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