Mortgage Applications Rose by 0.5% in Final Week of February
Washington, DC, March 3, 2021-Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 26, 2021.
The Market Composite Index, a measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 2% compared with the previous week. The Refinance Index increased 0.1% from the previous week and was 7% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 2% from one week earlier. The unadjusted Purchase Index increased 5% compared with the previous week and was 1% higher than the same week one year ago.