Saturday, January 28, 2023 | The Latest Buzz for the Appraisal Industry

MBA Survey Shows 2.3 Percent Decline in Number of Mortgage Applications

Mortgage applications decreased 2.3% 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 27, 2022.

On an unadjusted basis, the Index decreased 3% compared with the previous week. The Refinance Index decreased 5% from the previous week and was 75% lower than the same week one year ago. The seasonally adjusted Purchase Index

Jeff Bradford

Discover Your Passion

What are you passionate about? Is it appraising? Do you find that time just flies by when you’re working on an appraisal? Appraising has a

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