Mortgage Applications Increase in Week Ending April 10th 2020

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending 10^th April 2020, the Market Composite Index, a measure of mortgage loan application volume, increased 7.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 7% compared with the previous week. The Refinance Index increased 10% from the previous week and was 192% percent higher than the same week one year ago. The seasonally adjusted Purchase Index decreased <-2%> from one week earlier. The unadjusted Purchase Index decreased <-1%> compared with the previous week and was <-35%> lower than the same week one year ago.