Mortgage Applications Increase in the Week Ending May 5th
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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 week ending May 5th, the Market Composite Index (a measure of mortgage loan application volume) increased 6.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 7.0% compared with the previous week.
The Refinance Index increased 10.0% from the previous week but was 44.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 5.0% from one week earlier. The unadjusted Purchase Index increased 5.3% compared with the previous week but was 32.0% lower than the same week one year ago.
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