Mortgage Applications Declined 0.6% in Week Ending March 29

Washington, DC, April 3, 2024-Mortgage applications decreased 0.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 29, 2024. 

The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.1% compared with the previous week. The Refinance Index decreased 2% from the previous week and was 5% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 0.1% from one week earlier. The unadjusted Purchase Index increased 1% compared with the previous week and was 13% lower than the same week one year ago.