Thursday, September 28, 2023 | The Latest Buzz for the Appraisal Industry

Applications Decrease 11 Percent in One Week According to Latest MBA Survey

Mortgage applications decreased 11% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 13, 2022.

The Refinance Index decreased 10% from the previous week and was 76% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 12% from one week earlier. The unadjusted Purchase Index decreased 12% compared

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