Mortgage Applications Continue to Decline in the Week Ending October 23rd

Posted on October 25, 2023

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey for the week ending October 20th, the Market Composite Index—a measure of mortgage loan application volume—decreased 1.0% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.0% compared with the previous week.

The Refinance Index rose 2.0% from the previous week but was 8.0% lower than the same week one year ago.

The seasonally adjusted Purchase Index decreased 2.0% from one week earlier. The unadjusted Purchase Index decreased 2.0% compared with the previous week and was 22.0% lower than the same week one year ago.

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