HOLIDAY

Mortgage Applications Climb Again

In the week ending in November 18, mortgage applications climbed 2.2%.

According to Mortgage Professional America, the MBA’s market composite index measures the mortgage loan application volume across the country. It reported a 2.2% increase on a seasonally adjusted basis for the week ending on November 18, 2022 from the week earlier, or a 10% increase on an unadjusted basis. Meanwhile, the association’s refinance index rose by 2% on a weekly basis but plummeted by 86% on a yearly one.

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