Mortgage Applications Rose 5.3% in Week Ending April 7
Washington, DC, April 12, 2023-Mortgage applications increased 5.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 5.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6% compared with the previous week. The Refinance Index increased 0.1% from the previous week and was 57% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 8% from one week earlier. The unadjusted Purchase Index increased 9% compared with the previous week and was 31% lower than the same week one year ago.