Mortgage Applications Increase in Latest MBA Weekly Survey

According to a Mortgage Bankers Association press release on January 18, 2017 --- mortgage applications increased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2017. The previous week's results included an adjustment for the New Year's holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 0.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 29 percent compared with the previous week. The Refinance Index increased 7 percent from the previous week. The seasonally adjusted Purchase Index decreased 5 percent from one week earlier. The unadjusted Purchase Index increased 25 percent compared with the previous week and was 1 percent lower than the same week one year ago. To learn more about the increase in mortgage applications based on the latest MBA weekly survey click the picture below to read more.