Mortgage Applications Increase in the Week Ending September 15th
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 week ending September 15th, the Market Composite Index—a measure of mortgage loan application volume—increased 5.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 16.0% compared with the previous week.
The Refinance Index increased 13.0% from the previous week but was 29.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 2.0% from one week earlier. The unadjusted Purchase Index increased 12.0% compared with the previous week but was 26.0% lower than the same week one year ago.
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