Friday, April 19, 2024 | The Latest Buzz for the Appraisal Industry

MBA Reports a Mortgage Application Volume Decrease of Nearly 7 Percent

The Market Composite Index, a measure of mortgage loan application volume, decreased 6.8% 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 March 25, 2022.

On an unadjusted basis, the Index decreased 6% compared with the previous week. The Refinance Index decreased 15% from the previous week and was 60% lower than the same week one year

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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