Mortgage Applications Declined 1.5% in Week Ending December 15

Washington, DC, December 20, 2023-Mortgage applications decreased 1.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 15, 2023. 

The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 3% compared with the previous week. The Refinance Index decreased 2% from the previous week and was 18% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 1% from one week earlier. The unadjusted Purchase Index decreased 4% compared with the previous week and was 18% lower than the same week one year ago.