Tuesday, 28 June 2022 | The Latest Buzz for the Appraisal Industry

Breaking Down the Multi-Decade Lows in Mortgage Applications

It’s a fairly sobering headline any way you word it: mortgage applications hit the lowest levels in 22 years last week according the the Mortgage Bankers Association (MBA).  Loan originators who focus on the refinance market probably aren’t too surprised.  Refi apps entered long-term low territory more than a month ago and they’ve only been barely above the levels of 22 years ago since then. The purchase market has been a different story.  As recently



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