Mortgage Applications Rose 3.8% in Week Ending September 16
Washington, DC, September 21, 2022-Mortgage applications increased 3.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2022.
Last week’s results include an adjustment for the Labor Day holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 3.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 14% compared with the previous week. The Refinance Index increased 10% from the previous week and was 83% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 1% from one week earlier. The unadjusted Purchase Index increased 11% compared with the previous week and was 30% lower than the same week one year ago.