Mortgage Applications Rise in the Week Ending August 5, 2022—Second Consecutive Increase
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Applications Increase in Latest MBA Weekly Survey
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending August 5, 2022, the Market Composite Index (a measure of mortgage loan application volume) increased 0.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increase 0.3% compared with the previous week.
The Refinance Index increased 4.0% from the previous week but was 82.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index decreased 1.0% from the previous week. The unadjusted Purchase Index decreased 2.0% compared with the previous week and was 19.0% lower than the same week one year ago.
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