Mortgage Applicatons Rose 1.8% in Third Week of November
Washington, DC, November 24, 2021-Mortgage applications increased 1.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 19, 2021.
The Market Composite Index, a measure of mortgage loan application volume, increased 1.8% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.1% compared with the previous week. The Refinance Index increased 0.4% from the previous week and was 34% lower than the same week one year ago. The seasonally adjusted Purchase Index increased 5% from one week earlier. The unadjusted Purchase Index decreased 0.4% compared with the previous week and was 4 percent lower than the same week one year ago.