United States Mortgage Applications

Last Release

Feb 07, 2025

Actual

2.3

Units In

2.2

Frequency

Weekly

Next Release

Feb 19, 2025

Time to Release

4 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
112.1 Nov 2008	-40.5 Jan 1993	0.57 %	1990-2025	Mortgage Bankers Association of America

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.

Latest Updates

Mortgage applications in the US rose by 2.3% from the previous week in the first week of February, extending the 2.2% increase from the earlier period, according to data from the Mortgage Bankers Association. The increase was in line with the muted pullback in benchmark mortgage rates, which inched further below the key 7% threshold amid continued bets that the Federal Reserve has enough room for two rate cuts this year. Applications for a loan to refinance an old mortgage contract, which are more sensitive to short term changes in interest rates, soared by 10% from the previous week to extend the 12% surge in the earlier period. On the other hand, applications for a mortgage to purchase a new home fell by 2% on the week, extending the 4% drop earlier.