Mortgage Applications Decline for Third Consecutive Week in the Week Ending October 27th

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey for the week ending October 27th, the Market Composite Index—a measure of mortgage loan application volume—decreased 2.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3.0% compared with the previous week.

The Refinance Index fell 4.0% from the previous week and was 12.0% lower than the same week one year ago.

The seasonally adjusted Purchase Index decreased 1.0% 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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