The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 8, 2019, showed an increase of 9.6% from one week earlier.
A recent story at Builderonline.com covered mored details regarding the increase reporting, “The Market Composite Index, a measure of mortgage loan application volume, increased 9.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 9% compared with the previous week. The Refinance Index increased 13% from the previous week and was 188% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 5% from one week earlier. The unadjusted Purchase Index increased 2% compared with the previous week and was 15% higher than the same week one year ago.”
Read more at https://www.builderonline.com