Mortgage Applications Increased in the Week Ending March 6th, 2020

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending March 6th, 2020, the Market Composite Index, a measure of mortgage loan applications volume, increased 55.4% on a seasonally adjusted basis from one week earlier. The highest level since April 2009. On an unadjusted basis, the Index increased 54% when compared with the previous week. The Refinance Index increased 79% from the previous week and was 479% higher than the same week one year ago.

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