Sunday, 7 August 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Applications Inch Higher at End of July, MBA Finds

Mortgage applications increased 1.2% on a seasonally adjusted basis from one week earlier, according to The Market Composite Index data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2022. On an unadjusted basis, the index increased 1% compared with the previous week.

The Refinance Index increased 2% from the previous week and was 82% lower than the same week one year ago. The seasonally adjusted Purchase

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