US MBA mortgage applications w.e. 20 March -29.4% vs -8.4% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 20 March 2020


  • Prior -8.4%
  • Purchase index 237.4 vs 278.1 prior
  • Market index 758.4 vs 1,073.6 prior
  • Refinancing index 3,809.3 vs 5,751.0 prior
  • 30-year mortgage rate 3.82% vs 3.74% prior
That is the biggest percentage drop in the headline reading since 2009, as we see refinancing activity suffer a sharp drop but also for purchases as well. This comes as the long-term mortgage rate creeps back a little higher on the week.

With the economic situation set to be more dire in the weeks to come, expect that to have a negative effect on the housing market - not just in the US, but everywhere else too.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose