The Market Composite Index, a measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association‘s (MBA) Weekly Mortgage Applications Survey for the week ending January 14, 2022. On an unadjusted basis, the index increased 3% compared with the previous week.
“Mortgage rates hit their highest levels since March 2020, leading to the slowest pace of refinance activity in over
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