According to Curinos, October 2023 funded mortgage volume decreased 19% YoY and 5% MoM. In the Retail channel, funded volume was down 27% YoY and 5% MoM. The average 30-year conforming retail funded rate in October was 7.19%, 18bps higher than September and 111bps higher than the same month last year. Purchase rates were 22bps higher MoM and 115bps higher YoY, while Refinance rates were -1bps lower MoM and 93bps higher YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.