Sunday, 26 June 2022 | The Latest Buzz for the Appraisal Industry

MBA: Mortgage Application Submissions Continue to Decline

Mortgage applications decreased 6.5% 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 June 3, 2022. This week’s results include an adjustment for the Memorial Day holiday. On an unadjusted basis, the index decreased 17% compared with the previous week.

The Refinance Index decreased 6% from the previous week and was 75% lower than

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