Mortgage Applications Rose 8.6% in Fourth Week of April
Washington, DC, April 21, 2021-Mortgage applications increased 8.6% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 16, 2021.
The Market Composite Index, a measure of mortgage loan application volume, increased 8.6% 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 10% from the previous week and was 23% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 6% from one week earlier. The unadjusted Purchase Index increased 7% compared with the previous week and was 57% higher than the same week one year ago.