Mortgage Applications Increased 16.7% in Week Ending January 8th, 2021

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.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Mortgage Applications Increase in Latest MBA Weekly Survey