Mortgage Applications Rose 7.4% in Week Ending March 3
Washington, DC, March 8, 2023-Mortgage applications increased 7.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 7.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 9% compared with the previous week. The Refinance Index increased 9% from the previous week and was 76% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 7% from one week earlier. The unadjusted Purchase Index increased 9% compared with the previous week and was 42% lower than the same week one year ago.