The Market Composite Index, a measure of mortgage loan application volume, decreased 6.8% 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 March 25, 2022.
On an unadjusted basis, the Index decreased 6% compared with the previous week. The Refinance Index decreased 15% from the previous week and was 60% lower than the same week one year