Mortgage Applications Rose 1.2% in Week Ending January 6
Washington, DC, January 11, 2023-Mortgage applications increased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 1.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 48% compared with the previous week. The Refinance Index increased 5% from the previous week and was 86 lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 1% from one week earlier. The unadjusted Purchase Index increased 47% compared with the previous week and was 44% lower than the same week one year ago.