Mortgage Applications Decline in the Week Ending September 30, 2022

Posted on October 5, 2022

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey (WMAS), for the week ending September 30, 2022, the Market Composite Index (a measure of mortgage loan application volume) decreased 14.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index declined 14.0% compared with the previous week.

The Refinance Index decreased 18.0% from the previous week and was 86.0% lower than the same week one year ago.

The seasonally adjusted Purchase Index decreased 13.0% from the previous week. The unadjusted Purchase Index decreased 13.0% compared with the previous week and was 37.0% lower than the same week one year ago.

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