MORTGAGE APPLICATIONS CLIMB 2.2% IN THE WEEK ENDING NOVEMBER 18

The Mortgage Bankers Association (MBA) reported that mortgage applications rose 2.2 percent in the week ending Nov. 18, with results adjusted for the Veterans Day holiday.

The MBA Composite Market Index measures the number of mortgage applications nationwide.

For the week ending November 18, 2022, it reported a 2.2% increase from the previous week on a seasonally adjusted basis or a 10% increase on an unadjusted basis.