According to information released in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 29, 2019, mortgage applications declined by 9.2% when compared to the previous week. The results include an adjustment for the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 9.2% on a seasonally adjusted basis from the previous week. On an unadjusted basis, the Index decreased 38% when compared with the previous week. The Refinance Index decreased 16% from the previous week, but was 61% higher than the same week one year ago
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