According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 19, mortgage applications decreased 2.5 percent on a seasonally adjusted basis from one week earlier.
The Refinance Index decreased 5 percent from the previous week and was 13 percent lower than the same week one year ago, while the seasonally adjusted Purchase Index increased 3 percent from one week earlier. The unadjusted Purchase Index increased 3 percent compared