According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending June 12th, 2020, the Market Composite Index, a measure of mortgage loan application volume, increased 8.0% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 7% when compared with the previous week. The Refinance Index increased 10% from the previous week and was 106% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 4% from one week earlier. The unadjusted Purchase Index increased 2% compared with the previous week and was 21% higher than the same week one year ago.
Mortgage Applications Increase in Latest MBA Weekly Survey