Mortgage Applications Declined 1.1% in Third Full Week of Sept.
Washington, DC, September 29, 2021-Mortgage applications decreased 1.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 24, 2021.
The Market Composite Index, a measure of mortgage loan application volume, decreased 1.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1% compared with the previous week. The Refinance Index decreased 1% from the previous week and was 0.4% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 1% from one week earlier. The unadjusted Purchase Index decreased 2% compared with the previous week and was 12% lower than the same week one year ago.