US Mortgage Purchase Applications Rise 3% WoW, Up 26% From Same Week Last Year

by confoundedinterest17

Mortgage applications decreased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 19, 2021.

The Refinance Index decreased 5 percent from the previous week and was 13 percent lower than the same week one year ago. The seasonally adjusted Purchase Index increased 3 percent from one week earlier. The unadjusted Purchase Index increased 3 percent compared with the previous week and was 26 percent higher than the same week one year ago.

No graphs today. I am having a lumbar puncture (aka, spinal tap) in anticipation of brain surgery. Wish me luck!

 

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