Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

MBA Survey Shows Mortgage Applications Dropped Again on Market Composite Index

Mortgage applications decreased 6.3% on the Market Composite Index from one week earlier 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 July 15, 2022.

On an unadjusted basis, the index increased 17% compared with the previous week. The Refinance Index decreased 4% from the previous week and was 80% lower than the same week one year

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