Mortgage Applications Rose 0.3% in Third Full Week of October
Washington, DC, October 27, 2021-Mortgage applications increased 0.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 22, 2021.
The Market Composite Index, a measure of mortgage loan application volume, increased 0.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.2% compared with the previous week. The Refinance Index decreased 2% from the previous week and was 26% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 4%% from one week earlier. The unadjusted Purchase Index increased 3% compared with the previous week and was 9% lower than the same week one year ago.