Mortgage Applications Rose 1.1% in Second Week of December
Washington, DC, December 16, 2020-Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 11, 2020.
The Market Composite Index, a measure of mortgage loan application volume, increased 1.1% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.4% compared with the previous week. The Refinance Index increased 1% from the previous week and was 105% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 2% from one week earlier. The unadjusted Purchase Index decreased 2% compared with the previous week and was 26% higher than the same week one year ago.