Mortgage Applications Rose 5.5% in First Week of November
Washington, DC, November 10, 2021-Mortgage applications increased 5.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 5, 2021.
The Market Composite Index, a measure of mortgage loan application volume, increased 5.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5% compared with the previous week. The Refinance Index increased 7% from the previous week and was 28% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 3% from one week earlier. The unadjusted Purchase Index increased 0.1% compared with the previous week and was 4% lower than the same week one year ago.