United States Mortgage Applications

Last Release

Dec 27, 2024

Actual

-12.6

Units In

-10.7

Frequency

Weekly

Next Release

Jan 08, 2025

Time to Release

4 Days 11 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 plummeted by 12.6% from the previous week in the period ending December 27th, stretching the 10.7% plunge in earlier period, according to data compiled by the Mortgage Bankers Association. The drop indicated that applications for mortgage volumes were the lowest in 10 months on a seasonally adjusted basis. The result was consistent with a surge in borrowing costs as benchmark mortgage rates approach the 7% threshold, in line with the rise for long-dated Treasury yields following hawkish projections by the FOMC.