Mortgage Applications Increase for Second Week in a Row
Washington, DC, January 19, 2023--Mortgage applications increased 27.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 27.9% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 32% compared with the previous week.
The Refinance Index increased 34% from the previous week and was 81% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 25% from one week earlier. The unadjusted Purchase Index increased 32% compared with the previous week and was 35% lower than the same week one year ago.