Monday, 17 January 2022 | The Latest Buzz for the Appraisal Industry

Mortgage Applications Increased Last Week Despite Rising Rates

Mortgage application volume increased 1.8% on an adjusted basis during the week ended November 24, despite a slight increase in mortgage rates, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

On an unadjusted basis, the Index increased 0.1% compared with the previous week.

Applications for refinances increased 0.4% while applications for purchases decreased 0.4%.

Year over year, applications for refinances were down 34% while applications for purchases were down 4%.

“The

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