Mortgage Applications Rose 9.7% in Week Ending March 1

Washington, DC, March 6, 2024-Mortgage applications increased 9.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024. 

The Market Composite Index, a measure of mortgage loan application volume, increased 9.7% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 12% compared with the previous week. The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 11% from one week earlier. The unadjusted Purchase Index increased 13% compared with the previous week and was 8% lower than the same week one year ago.