Mortgage Applications Rose 2.0% in Week Ending December 3
Washington, DC, December 8, 2021-Mortgage applications increased 2.0% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 3, 2021.
The previous week's results included an adjustment for the Thanksgiving holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 2.0% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 45% compared with the previous week. The Refinance Index increased 9% from the previous week and was 37% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 5% from one week earlier. The unadjusted Purchase Index increased 28% compared with the previous week and was 8 percent lower than the same week one year ago.