According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending 24th January 2020, which included an allowance for MLK Day, mortgage applications increased 7.2% on a SAAR from the previous week. On an unadjusted basis, the Index decreased <-1%>compared with the previous week. The Refinance Index increased 8% from the previous week and is 146% higher than the same week one year ago.
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Mortgage Applications Increase in Latest MBA Weekly Survey