Mortgage Applications Rose 14.2% in Week Ending September 13

Washington, DC, September 18, 2024-Mortgage applications increased 14.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 13, 2024.  Last week’s results included an adjustment for the Labor Day holiday.

The Market Composite Index, a measure of mortgage loan application volume, increased 14.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 26% compared with the previous week. The Refinance Index increased 24% from the previous week and was 127% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 5% from one week earlier. The unadjusted Purchase Index increased 15% compared with the previous week and was 0.4% lower than the same week one year ago.