Monday, October 2, 2023 | The Latest Buzz for the Appraisal Industry

MBA: Mortgage Application Volume Maintains Slow Decrease

The Market Composite Index, a measure of mortgage loan application volume, has decreased 0.5% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 28, 2022. This week’s results include revised data to reflect an update to last week’s survey results.

On an unadjusted basis, the Index decreased 1% compared with the previous week.  The Refinance Index

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