Mortgage Applications Rose 2.8% in Week Ending December 1

Washington, DC, December 6, 2023-Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 43% compared with the previous week. The Refinance Index increased 14% from the previous week and was 10% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 0.3% from one week earlier. The unadjusted Purchase Index increased 35% compared with the previous week and was 17% lower than the same week one year ago.