Mortgage Applications Rose 1.2% in Week Ending July 29
Washington, DC, August 3, 2022-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 July 29, 2022.
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 1% compared with the previous week. The Refinance Index increased 2% from the previous week and was 82% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 1% from one week earlier. The unadjusted Purchase Index increased 1% compared with the previous week and was 16% lower than the same week one year ago.