Mortgage Applications Rise in the Week Ending June 16th—The Third 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 for the week ending June 16th, the Market Composite Index—a measure of mortgage loan application volume—rose 0.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index declined 1.0% compared with the previous week.
The Refinance Index decreased 2.0% from the previous week and was 40.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index increased 2.0% from one week earlier. The unadjusted Purchase Index declined 0.1% compared with the previous week and was 32.0% lower than the same week one year ago.
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