Tuesday, 4 October 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Applications Still Contracting, But at a Slower Pace

Today’s weekly mortgage application survey from the Mortgage Bankers Association (MBA) was fairly unsurprising in that applications declined, but at a slightly slower pace compared to recent weeks.  The moderation in the pace makes sense for a few reasons.  First off, refi applications are near their historical lower boundary. Secondly, interest rates have improved noticeably in each of the past 2 weeks.   It’s not that this drop in rates is going to reinvigorate the refi

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