Mortgage Applications Drop to Lowest Level in 28 Years

Mortgage applications decreased for the fifth-straight week, down 4.2% from last week’s 0.8% dip, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 18, 2023. Here are this week’s numbers:  The Market Composite Index, a measure of mortgage loan application volume, decreased 4.2% on a…The post Mortgage Applications Drop to Lowest Level in 28 Years appeared first on RISMedia.