According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending June 17, 2022, the Market Composite Index (a measure of mortgage loan application volume) increased 4.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.0% compared with the previous week.
The Refinance Index declined -3.0% from the previous week and was -77.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index climbed 8.0% higher from the previous week. The unadjusted Purchase Index increased 6.0% compared with the previous week but was -10.0% lower than the same week one year ago.
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Mortgage Applications Increase in Latest MBA Weekly Survey