Tuesday, 9 August 2022 | The Latest Buzz for the Appraisal Industry

MBA: Mortgage Applications Decline for Second Straight Week

Mortgage applications has decreased 1.7% 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 July 8, 2022. On an unadjusted basis, the index decreased 13% compared with the previous week. This week’s results include an adjustment for the observance of Independence Day.

The Refinance Index increased 2% from the previous week and was 80%

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