US Mortgage Applications Extend Decline in World Economy News 05/02/2026 The volume of mortgage applications in the US fell by 8.9% from the previous week in the last week of January, extending the 8.5% pullback from the earlier period to trim the combined 47% surge that had taken place since the start of the year, according to data compiled by the Mortgage Bankers Association. Applications fell for a second week despite the drop in mortgage rates, while markets continued to assess how the Freddie Mac and the Fannie Mae would comply with President’s Trump order to purchase $200 billion in mortgage-backed securities. Applications for a mortgage to purchase a new home sank by 14%. Meanwhile, applications for contracts to refinance a mortgage, which are sensitive to short-term changes in interest rates, fell by a softer 5% from the previous week. Source: Trading Economics 2026-02-05 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share