Monday, 18 October 2021 | The Latest Buzz for the Appraisal Industry

Refinance Applications Bounce back to Winter Levels; Rates Catch a Break

The Mortgage Bankers Association’s (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 2.8 percent on a seasonally adjusted basis during the week ended August 8 . It was up 3 percent on an unadjusted basis. The volume of both refinance and purchase mortgage applications gained ground from the prior week. The Refinance Index increased 3 percent although it was 8 percent lower than the same week in 2020. The

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