Trey Garrison | Housingwire
Mortgage applications increased 7.3% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 5, 2014.
The Market Composite Index, a measure of mortgage loan application volume, increased 7.3% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 52% compared with the previous week. The Refinance Index increased 13% from the previous week.
The seasonally adjusted Purchase Index increased 1% from one week earlier. The unadjusted Purchase Index increased 37% compared with the previous week and was 4% lower than the same week one year ago.