The Market Composite Index, a measure of mortgage loan application volume, decreased 2.0% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) latest weekly mortgage applications survey. This week’s results for the week ending Jan. 24, 2025, include an adjustment for the Martin Luther King holiday.
On an unadjusted basis, the index decreased 9% compared with the previous week. The refinance index decreased 7% week-over-week but was 5% higher than the same week one year ago.
The seasonally adjusted purchase index decreased 0.4% from the week prior while the unadjusted purchase Index details ⇒
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