Skip to main content

Mortgage Applications (Feb.)

The mortgage market came off the boil in February, with home purchase applications recording their largest month-on-month decline since the height of the pandemic last April. A rise in mortgage interest rates to an eight-month high is partly to blame, but demand is also faltering in the face of record low inventory and a surge in house prices. With rates set to rise further over the year, home purchase demand will continue to fall back toward its pre-COVID level.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access