Mortgage Applications Rose 3% in Week Ending November 17

Washington, DC, November 22, 2023-Mortgage applications increased 3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 17, 2023. 

The Market Composite Index, a measure of mortgage loan application volume, increased 3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.1% compared with the previous week. The Refinance Index increased 2% from the previous week and was 4% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 4% from one week earlier. The unadjusted Purchase Index decreased 1% compared with the previous week and was 20% lower than the same week one year ago.