United States Mortgage Applications

Last Release

Apr 25, 2025

Actual

-4.2

Units In

-12.7

Frequency

Weekly

Next Release

May 07, 2025

Time to Release

5 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
112.1 Nov 2008	-40.5 Jan 1993	0.57 %	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 application volumes in the US sank by 4.2% from the previous week on the period ending April 25th, extending the 12.7% drop earlier, which was the sharpest in six months. The sharp drop in application volumes took place despite the marginal pullback in benchmark mortgage rates, reflecting the impact of economic uncertainty and evidence of a softening labor market in the US on housing demand. Applications for a mortgage to purchase a new home were 4% lower on the week and 7% lower on the month, even though mortgage rates have dropped substantially since late March. In turn, Applications to refinance a home loan, which are more sensitive to short-term changes in interest rates, dropped by 4% on the week.