Mortgage Applications Decline for Fifth Consecutive Week in the Week Ending September 9, 2022
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Applications Decrease in Latest MBA Weekly Survey
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending September 9, 2022, the Market Composite Index (a measure of mortgage loan application volume) decreased 1.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index declined 12.0% compared with the previous week.
The Refinance Index declined 4.0% from the previous week and was 83.0% lower than the same week one year ago.
The seasonally adjusted Purchase Index decreased 0.2% from the previous week. The unadjusted Purchase Index decreased 12.0% compared with the previous week and was 29.0% lower than the same week one year ago.
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