Mortgage Applications in U.S. Increase in Mid-October

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 11, 2019, U.S. mortgage applications increased 0.5 percent from one week earlier.
The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1 percent compared with the previous week. The Refinance Index increased 4 percent from the previous week and was 199 percent higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 4 percent from one week earlier. The unadjusted Purchase Index decreased 4 percent compared with the previous week and was 12 percent higher than the same week one year ago.