United States Mortgage Applications

Last Release

Nov 01, 2024

Actual

-10.8

Units In

-0.1

Frequency

Weekly

Next Release

Nov 13, 2024

Time to Release

5 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
112.1 Nov 2008	-40.5 Jan 1993	0.56 %	1990-2024	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 sank by 10.8% from the previous week on the period ending on November 1st, the sixth consecutive decline in mortgage demand to mark a 35% plunge in the volume of mortgage applications during October. The aggressive decline since the start of the month was in line with the 67bps surge in benchmark interest rates in the period, as a series of strong economic data and the possibility of a Trump presidency drove markets to expect a less-dovish Federal Reserve next year and lifted yields for long-dated Treasury yields. Applications for a loan to refinance a mortgage, which are sensitive to short-term changes in interest rates, sank by 18.5%. In the meantime, applications for a mortgage to purchase a new home fell by 5%.