Mortgage Applications Increase in the Week Ending April 21st
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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 for the ending April 21st, the Market Composite Index—a measure of mortgage loan application volume—increased 3.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index rose 5.0% compared with the previous week.
The Refinance Index increased 2.0% from the previous week but was 51.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 5.0% from one week earlier. The unadjusted Purchase Index rose 6.0% compared with the previous week but was 28.0% lower than the same week one year ago.
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