According to Curinos, November 2022 funded mortgage volume decreased 68% YoY and 20% MoM. In the Retail channel, funded volume was down 73% YoY and 20% MoM. The average 30-year conforming retail funded rate in November was 6.59%, 52bps higher than October and 332bps higher than the same month last year. Purchase rates were 51bps higher MoM and 327bps higher YoY, while Refinance rates were 57bps higher MoM and 346bps higher YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.