Sunday, December 4, 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Applications Drop by 1.2 Percent During Mid-May, MBA Reports

Mortgage applications decreased 1.2% 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 May 20, 2022.

On an unadjusted basis, the Market Composite Index decreased 2% compared with the previous week. The Refinance Index decreased 4% from the previous week and was 75% lower than the same week one year ago. The seasonally