Saturday, 25 June 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Apps Buck Recent Trend Despite Huge Rate Jump

Mortgage application volume increased during the week ended June 10 after four straight weeks of declines. However, the overall gains shown by data from the Mortgage Bankers Association’s (MBA’s) weekly Mortgage Applications Survey was only a resumption of application activity patterns two weeks earlier. The business week ended June 3 was shorted by the Memorial Day holiday. MBA’s Market Composite Index, a measure of loan application volume, increased 6.6 percent on a seasonally adjusted basis

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