Mortgage Applications Rise in the Week Ending December 9th
Original Source:
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 December 9, 2022, the Market Composite Index (a measure of mortgage loan application volume) increased 3.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.4% compared with the previous week.
The Refinance Index increased 3.0% from the previous week but was 85.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 4.0% from the previous week. The unadjusted Purchase Index decreased 1.0% compared with the previous week but was 38.0% lower than the same week one year ago.
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