Washington, DC, June 23, 2021 – Mortgage applications increased 2.1% from a week earlier, according to the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending June 18, 2021.
The Market Composite Index, which measures the volume of applications for mortgages, was up 2.1% on a seasonally adjusted basis from a week earlier. Unadjusted The index rose 1% from the previous week. The refinancing index rose 3% from the previous week and was 9% lower than the same week a year ago. The seasonally adjusted purchasing index rose 1% from a week earlier. The unadjusted buying index was down 1% from the previous week and was 14% lower than the same week a year ago.