Mortgage applications increased 2% from one week earlier, according to data from the Mortgage Bankers Association‘s (MBA) Weekly Mortgage Applications Survey for the week ending December 3, 2021. The previous week’s results included an adjustment for the Thanksgiving holiday.
The Market Composite Index, a measure of mortgage loan application volume, increased 2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 45% compared with the previous week.