MBA Mortgage Applications Drop 0.5% WoW, Refi Apps DOWN 85% YoY, Purchase Apps DOWN 41% YoY

Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 28, 2022. This week’s results include revised data to reflect an update to last week’s survey results.