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

Rate of Mortgage Applications Continues Decreasing Pattern

Mortgage Bankers Association (MBA) reports that mortgage applications decreased 5.4% on a seasonally adjusted basis from one week earlier, according to data from its Weekly Mortgage Applications Survey for the week ending July 1, 2022. This week’s results include a holiday adjustment to account for early closings the Friday before Independence Day.

On an unadjusted basis, the Market Composite Index increased 6% compared with the previous week. The Refinance Index decreased 8% from the

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