Mortgage applications increased 0.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Feb. 20.

On an unadjusted basis, the index increased 2% compared with the previous week.

The seasonally adjusted purchase index decreased 5% from one week earlier. The unadjusted purchase index decreased 1% compared with the previous week and was 12% higher than the same week one year ago.

“Mortgage rates followed Treasury yields lower last week, with the 30-year fixed rate declining to 6.09% — its lowest level since September 2022. The decrease details ⇒

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