According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending January 8th , 2021, the Market Composite Index, a measure of mortgage loan application volume, increased 16.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 69% compared with the previous week. The Refinance Index increased 20% from the previous week and was 93% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 8% from one week earlier. The unadjusted Purchase Index increased 60% compared with the previous week and was 10% higher than the same week one year ago.
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Mortgage Applications Increase in Latest MBA Weekly Survey