Mortgage Applications Increased 3.9% in Week Ending November 27th, 2020

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending November 27th, 2020, the Market Composite Index, a measure of mortgage loan application volume, decreased -0.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased -32% compared with the previous week. The Refinance Index decreased -5% from the previous week but was 102% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 9% from one week earlier. The unadjusted Purchase Index decreased -28% compared with the previous week but was 28% higher than the same week one year ago.