According to Curinos, August 2023 funded mortgage volume decreased 26% YoY and increased 8% MoM. In the Retail channel, funded volume was down 31% YoY and up 8% MoM. The average 30-year conforming retail funded rate in August was 6.82%, 13bps higher than July and 124bps higher than the same month last year. Purchase rates were 13bps higher MoM and 125bps higher YoY, while Refinance rates were 14bps higher MoM and 121bps higher YoY. Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.