Mortgage Applications Rose 6.5% in Week Ending March 10
Washington, DC, March 15, 2023-Mortgage applications increased 6.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 10, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 6.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 7% compared with the previous week. The Refinance Index increased 5% from the previous week and was 74% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 7% from one week earlier. The unadjusted Purchase Index increased 8% compared with the previous week and was 38% lower than the same week one year ago.