Mortgage Bankers Association ( MBA) conducts Weekly Mortgage Application Survey.
For the week ending January 19th, 2018, mortgage applications increased 4.5 percent from one week earlier. This week application numbers was adjusted for MLK Day holiday.
According to this article published by Mortgage Bankers Association “the Market Composite Index, a measure of mortgage loan application volume, increased 4.5 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4 percent compared with the previous week.”
The mortgage application survey includes 75% of all USA residential mortgage applications. Mortgage bankers, commecial banks and thrifts answer to survey.