Monday, June 5, 2023 | The Latest Buzz for the Appraisal Industry

MBA: Housing Market Experiences Continued Decrease in Mortgage Applications

Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey shows a decrease of 1.8% in mortgage applications on the Market Composite Index on a seasonally adjusted basis from one week earlier, according to data for the week ending July 22, 2022.

On an unadjusted basis, the Index decreased 2% compared with the previous week. The Refinance Index decreased 4% from the previous week and was 83% lower than the same week one year ago. The

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