Data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending Jan. 17 show mortgage applications increased 0.1% from a week earlier on a seasonally adjusted basis.
On an unadjusted basis, applications increased by 3% compared with the previous week. The refinance index decreased 3% from the previous week and was 42% higher year-over-year.
The seasonally adjusted purchase index increased 1% from one week earlier whereas the unadjusted purchase Index increased 7% during the same period. The unadjusted purchase index was 2% higher year-over-year.
“Mortgage application volume was little changed last week, but there was a details ⇒
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