Mortgage applications in the US rose by 3.3% from the previous week on April 12th, pointing to some traction in mortgage demand following four consecutive weeks of muted applications. It was the sharpest increase in one month, despite the rising momentum in average mortgage rates due to the upswing in long-term US Treasury yields. The MBA noted that higher mortgage demand amid the rise in rates was due to resilient economic confidence for consumers, and efforts to undercut an even sharper increase in future rates. Applications for a mortgage to purchase a new home rose by 5% to bounce from a similar-magnitude plunge in the earlier week, while applications for a mortgage to refinance a home edged up by 0.5%, extending the 10% surge noted earlier. source: Mortgage Bankers Association of America
Mortgage Application in the United States increased by 3.30 percent in the week ending April 12 of 2024 over the previous week. Mortgage Applications in the United States averaged 0.57 percent from 1990 until 2024, 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 April of 2024.