Mortgage Applications Rose 6.3% in Week Ending November 22

Washington, DC, November 27, 2024-Mortgage applications increased 6.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 22, 2024. 

The Market Composite Index, a measure of mortgage loan application volume, increased 6.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3% compared with the previous week. The Refinance Index decreased 3% from the previous week and was 119% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 12% from one week earlier. The unadjusted Purchase Index increased 7% compared with the previous week and was 52% higher than the same week one year ago.