Mortgage Applications Increase 0.8% in Week Ending December 18th, 2020

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending December 18th, 2020, The Market Composite Index, a measure of mortgage loan application volume, increased 0.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1% compared with the previous week. The Refinance Index increased 4% from the previous week and was 124% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased -5% from one week earlier. The unadjusted Purchase Index decreased -7% compared with the previous week but was 26% higher than the same week one year ago.

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Original Source:
Mortgage Applications Increase in Latest MBA Weekly Survey