Mortgage applications decreased 2.8% from one week earlier, according to data from the Mortgage Bankers Association‘s (MBA) Weekly Mortgage Applications Survey for the week ending November 12, 2021.
The Market Composite Index, a measure of mortgage loan application volume, decreased 2.8 on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4% compared with the previous week. The Refinance Index decreased 5% from the previous week and was