Mortgage Applications Rose 7.2% in Week Ending June 9
Washington, DC, June 14, 2023-Mortgage applications increased 7.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 7.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 18% compared with the previous week. The Refinance Index increased 6% from the previous week and was 41% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 8% from one week earlier. The unadjusted Purchase Index increased 17% compared with the previous week and was 27% lower than the same week one year ago.