Mortgage applications decreased 3.1% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ended Aug. 4, 2023.
On an unadjusted basis, the index decreased 4.0% compared with the previous week. The Refinance Index decreased 4.0% from the previous week and was 37% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 3.0% from one week earlier. The unadjusted Purchase Index decreased 3.0% compared with the previous week and was 27% lower than the same week one year ago.