Saturday, 1 October 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Applications Drop 7% from Week Earlier, Latest MBA Weekly Survey Shows

Mortgage applications decreased 7.1% from one week earlier, according to data from the Mortgage Bankers Association‘s (MBA) Weekly Mortgage Applications Survey for the week ending January 21, 2022. On an unadjusted basis, the Market Composite Index decreased 6% compared with the previous week. The Refinance Index decreased 13% from the previous week and was 53% lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 2% from one week earlier.

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