Washington, DC, August 18, 2021 – Mortgage applications are down 3.9% from a week earlier, according to the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending August 13, 2021.
The Market Composite Index, which measures the volume of applications for mortgages, was down 3.9% on a seasonally adjusted basis from a week earlier. Unadjusted The index was down 4% from the previous week. The refinancing index was down 5% from the previous week and was 8% lower than the same week a year ago. The seasonally adjusted buying index was down 1% from a week earlier. The unadjusted buying index was down 2% from the previous week and was 19% lower than the same week a year ago.