Mortgage Applications Rose 11% in Week Ending September 20
Washington, DC, September 25, 2024-Mortgage applications increased 11.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 20, 2024.
The Market Composite Index, a measure of mortgage loan application volume, increased 11.0% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 11% compared with the previous week. The Refinance Index increased 20% from the previous week and was 175% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 1% from one week earlier. The unadjusted Purchase Index increased 0.4% compared with the previous week and was 2% higher than the same week one year ago.