According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending February 21st, 2020, the Market Composite Index, a measure of mortgage loan applications volume, increased 1.5 % on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 7% when compared with the previous week. The Refinance Index decreased 1% percent from the previous week, but was 152% higher than the same week one year ago.
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Mortgage Applications Decrease in Latest MBA Weekly Survey