United States Mortgage Applications

Last Release

Mar 21, 2025

Actual

-2

Units In

-6.2

Frequency

Weekly

Next Release

Apr 02, 2025

Time to Release

5 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
112.1 Nov 2008	-40.5 Jan 1993	0.58 %	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 fell by 2% in the week ending March 21, following a 6.2% drop in the previous period, according to the latest data from the Mortgage Bankers Association. Applications to refinance a home loan decreased 5% from the previous week to the lowest level in a month. In turn, applications for a mortgage to purchase a new home rose 1%. Meanwhile, the average rate on the 30-year fixed mortgage dropped to 6.71% from 6.72%. “Markets remained focused on potential trade policy changes, while the Fed held the funds rate its current level,” wrote Joel Kan, an MBA economist, in a release. “Last week’s purchase activity was driven primarily by a 6 percent increase in FHA applications, as the combination of loosening housing inventory and slowly declining mortgage rates have presented this segment of buyers with more opportunities,” said Kan.