Sunday, 25 September 2022 | The Latest Buzz for the Appraisal Industry

MBA: Mortgage Application Rate Grew by 2 Percent in One Week

Mortgage applications increased 2% 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 6, 2022.

On an unadjusted basis, the index increased 3% compared with the previous week. The Refinance Index decreased 2% from the previous week and was 72% lower than the same week one year ago. The seasonally adjusted Purchase Index

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