Mortgage Applications Rose 0.9% in Week Ending December 16
Washington, DC, December 21, 2022-Mortgage applications increased 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2022.
The Market Composite Index, a measure of mortgage loan application volume, increased 0.9% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1% compared with the previous week. The Refinance Index increased 6% from the previous week and was 85% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 0.1% from one week earlier. The unadjusted Purchase Index decreased 3% compared with the previous week and was 36% lower than the same week one year ago.