Mortgage Applications Declined 7.7% in Week Ending February 10

Washington, DC, February 15, 2023-Mortgage applications decreased 7.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 10, 2023.

The Refinance Index decreased 13% from the previous week and was 76% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 6% from one week earlier. The unadjusted Purchase Index decreased 5% compared with the previous week and was 43% lower than the same week one year ago.