October Sees 29% Drop in New Home Mortgage Applications

Mortgage Professional America, Nov. 18, 2022–Mary Or
The latest numbers from MBA’s builder application survey are in, showing even less (-13%) new home purchase activity in October than there was in September, and a 28.6% drop compared to October last year. The data does not reflect adjustments typically made for seasonal patterns.
https://www.mpamag.com/us/mortgage-industry/market-updates/october-sees-29-drop-in-new-home-mortgage-applications/427980