Mortgage Applications Increase in the Week Ending July 29, 2022

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending July 29, 2022, the Market Composite Index (a measure of mortgage loan application volume) increased 1.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1.0% compared with the previous week.

The Refinance Index increased 2.0% from the previous week but was 82.0% lower than the same week one year ago.

The seasonally adjusted Purchase Index decreased 1.0% from the previous week. The unadjusted Purchase Index decreased 1.0% compared with the previous week but was 16.0% lower than the same week one year ago.


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Original Source:
Mortgage Applications Increase in Latest MBA Weekly Survey