General World News

Mortgage applications mostly flat from last week

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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