Mortgage Applications Rose 3.9% in Week Ending July 12

Washington, DC, July 17, 2024-Mortgage applications increased 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024. 

The Market Composite Index, a measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 30% compared with the previous week. The Refinance Index increased 15% from the previous week and was 37% higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 3% from one week earlier. The unadjusted Purchase Index increased 22% compared with the previous week and was 14% lower than the same week one year ago.