Weekly

WMORTG • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

5.85

Year-over-Year Change

-1.68%

Date Range

11/9/1984 - 1/2/2004

Download Dataset

Summary

The Weekly Mortgage Applications series tracks the volume and characteristics of mortgage loan applications in the United States. This indicator provides critical insights into housing market demand, consumer financial behavior, and potential economic trends.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

This economic indicator measures the number and type of mortgage applications submitted weekly, reflecting potential homebuyer sentiment and lending market conditions. Economists and financial analysts use this data to assess housing market health, potential real estate investment trends, and broader economic momentum.

Methodology

Data is collected and compiled by the Mortgage Bankers Association through surveys of mortgage lenders and financial institutions nationwide.

Historical Context

Policymakers and central banks use this trend to understand housing market dynamics, potential economic stimulus needs, and consumer financial confidence.

Key Facts

Tracks weekly mortgage application volume and characteristics
Provides real-time insights into housing market demand
Includes data on purchase and refinance mortgage applications

FAQs

Q: What does the WMORTG series measure?

A: The series measures the number and types of mortgage loan applications submitted weekly across the United States. It includes both purchase and refinance mortgage applications.

Q: How frequently is this data updated?

A: The WMORTG series is updated weekly, providing current and timely information about mortgage market conditions.

Q: Why are mortgage applications important for economic analysis?

A: Mortgage applications serve as a leading indicator of housing market health, consumer confidence, and potential economic activity in real estate and related sectors.

Q: How do changes in mortgage applications impact the broader economy?

A: Fluctuations in mortgage applications can signal shifts in consumer spending, housing market demand, and potential economic growth or contraction.

Q: What are the limitations of this data series?

A: The series represents application volumes and does not guarantee loan approvals, and it may not capture all mortgage lending activities in the market.

Related Trends

30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Greater Than 80, FICO Score Between 700 and 719

OBMMIC30YFLVGT80FB700A719

30-Year Fixed Rate FHA Mortgage Index

OBMMIFHA30YF

30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Greater Than 80, FICO Score Between 720 and 739

OBMMIC30YFLVGT80FB720A739

30-Year Fixed Rate Jumbo Mortgage Index

OBMMIJUMBO30YF

30-Year Fixed Rate Conforming Mortgage Index: Loan-to-Value Greater Than 80, FICO Score Greater Than 740

OBMMIC30YFLVGT80FGE740