Mortgage inferno! Particularly for the mortgage and housing market. But if you want spin the numbers, look at the seasonally-adjusted numbers. I like the unadjusted data better, but they look horrid. Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 24, 2023. This week’s results include an adjustment for the observance of the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, increased 0.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,...
