Mortgage Applications Increase for Second Consecutive Week
Original Source:
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Applications Increase in Latest MBA Weekly Survey
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the ending January 13, 2023, the Market Composite Index (a measure of mortgage loan application volume) increased 27.9% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 32.0% compared with the previous week.
The Refinance Index increased 34.0% from the previous week but was 81.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 25.0% from one week earlier. The unadjusted Purchase Index increased 32.0% compared with the previous week but was 35.0% lower than the same week one year ago.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.