Economists' Outlook

Housing stats and analysis from NAR's research experts.

Mortgage Applications

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications.

  • Mortgage applications increased 4.1 percent during the week ending December 9.
  • The Purchase Index declined 8.2 percent from the prior week, while the Refinance index moved in the opposite direction, rising 9.3 percent, driven by declining interest rates.
  • Interest rates on 30-year fixed mortgages declined to 4.12 percent, the lowest rate of 2011.
  • Cash purchases—which have been steady at 30 percent of transactions—were not captured in the data.
  • Import prices during the month of November increased 0.7 percent, according to a report by the Labor Department.
  • On a yearly basis, import prices have risen 9.9 percent, adding to the upward inflationary pressure.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

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