Mortgage Applications Rose 2.3% in Second Week of January
Washington, DC, January 19, 2022-Mortgage applications increased 2.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 14, 2022.
The Market Composite Index, a measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3% compared with the previous week. The Refinance Index decreased 3% from the previous week and was 49% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 8% from one week earlier. The unadjusted Purchase Index increased 14% compared with the previous week and was 13% lower than the same week one year ago.