Mortgage Applications Declined 5.4% in Week Ending February 11
Washington, DC, February 16, 2022-Mortgage applications decreased 5.4% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 11, 2022.
The Market Composite Index, a measure of mortgage loan application volume, decreased 5.4% 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 9% from the previous week and was 54% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 1% from one week earlier. The unadjusted Purchase Index increased