Mortgage Bankers Association (MBA)

Mortgage Bankers Association (MBA) reports 17% decrease in applications for week ending Oct. 11

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

After weeks of increases, applications decreased 1.3% from a week earlier.

The SVP, Chief Financial Officer and Diversity and Inclusion Officer retired after 10 years at the association.

Median purchase payment fell 5.2% YOY

Refinance activity increased to 55.7% of total applications from 51.2% the previous week