Mortgage Applications Increase Again – Week Ending 23rd June 2023

Posted on June 28, 2023

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the ending June 23, 2023, the Market Composite Index, a measure of mortgage loan application volume rose 3.0% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index declined 8.0% compared with the previous week.

The Refinance Index increased 3.0% from the previous week but was 32.0% lower than the same week one year ago.

The seasonally adjusted Purchase Index increased 3.0% from one week earlier. The unadjusted Purchase Index declined 8.0% compared with the previous week and was 21.0% lower than the same week one year ago.

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