Mortgage applications in the US fell by 3.7% from the previous week in the period ending January 3, stretching the 12.6% plunge in earlier period, according to data compiled by the Mortgage Bankers Association. It marked the fourth consecutive period of falling in mortgage demand, along with a surge in borrowing costs. Applications for a mortgage to purchase a home fell 7% for the week, while applications to refinance a home loan rose 2%. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.99% from 6.97%. “Purchase applications declined for both conventional and government loans and dropped to the slowest weekly pace since February 2024,” said Joel Kan, MBA’s vice president and deputy chief economist. “Refinance applications increased despite higher rates, but the increase was compared to recent low levels and was entirely driven by an increase in VA refinances, which continue to show weekly swings.”. source: Mortgage Bankers Association of America

Mortgage Application in the United States decreased by 3.70 percent in the week ending January 3 of 2024 over the previous week. Mortgage Applications in the United States averaged 0.55 percent from 1990 until 2025, 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 January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2025-01-02 12:00 PM
MBA Mortgage Applications
Dec/27 -12.6% -0.7%
2025-01-08 12:00 PM
MBA Mortgage Applications
Jan/03 -3.7% -12.6%
2025-01-15 12:00 PM
MBA Mortgage Applications
Jan/10 -3.7%


Related Last Previous Unit Reference
Average Mortgage Size 402.87 409.94 Thousand USD Nov 2024
MBA Mortgage Market Index 168.40 174.90 points Jan 2025
MBA Mortgage Refinance Index 401.10 395.10 points Jan 2025
MBA Purchase Index 127.70 136.70 points Jan 2025
MBA Mortgage Applications -3.70 -12.60 percent Jan 2025
MBA 30-Year Mortgage Rate 6.99 6.97 percent Jan 2025

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
-3.70 -12.60 112.10 -40.50 1990 - 2025 percent Weekly
SA


News Stream
US Mortgage Applications Rise for 4th Week
Mortgage applications in the US fell by 3.7% from the previous week in the period ending January 3, stretching the 12.6% plunge in earlier period, according to data compiled by the Mortgage Bankers Association. It marked the fourth consecutive period of falling in mortgage demand, along with a surge in borrowing costs. Applications for a mortgage to purchase a home fell 7% for the week, while applications to refinance a home loan rose 2%. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.99% from 6.97%. “Purchase applications declined for both conventional and government loans and dropped to the slowest weekly pace since February 2024,” said Joel Kan, MBA’s vice president and deputy chief economist. “Refinance applications increased despite higher rates, but the increase was compared to recent low levels and was entirely driven by an increase in VA refinances, which continue to show weekly swings.”
2025-01-08
US Mortgage Applications Plunge to 10-Month Low
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.
2025-01-02
US Mortgage Applications Rise for 1st Time in 6 Weeks
Mortgage applications in the US eased by 0.7% from the previous week in the period ending December 13th, trimming the 5.4% surge in the previous week, according to data compiled by the Mortgage Bankers Association. It was the first drop in mortgage demand in five weeks, aligned with a rise in benchmark interest rates as expectations of fewer rate cuts by the Federal Reserve next year lifted yields in longer-term fixed income instruments. Applications for a mortgage to purchase a new home rose by 1%. In turn, applications for a loan to refinance a mortgage, which are more sensitive to short term changes in interest rates, eased by 3% on the week following the 30% surge in the previous week, which undercut the current period’s jump in borrowing costs.
2024-12-18