Mortgage Applications Rose 3.3% in Week Ending April 12

Washington, DC, April 17, 2024-Mortgage applications increased 3.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 12, 2024. 

The Market Composite Index, a measure of mortgage loan application volume, increased 3.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 4% compared with the previous week. The Refinance Index increased 0.5% from the previous week and was 11% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 5% from one week earlier. The unadjusted Purchase Index increased 6% compared with the previous week and was 10% lower than the same week one year ago.