After last week’s slight gain in home mortgage loan application volume, this week saw a 2.5% decrease in volume according to a report from the Mortgage Bankers Association. In similar fashion, the refinance numbers decreased 4% compared to last week, but once again remain 30% higher than the same time last year. The home mortgage loan application volume increased 6% year over year as well, marking a strong mortgage desire as the year continues.
- The FHA’s share of mortgage applications decreased to 9.7% from 10.2% the week prior.
- The VA share of applications increased to 12.3% from 11.2% the week prior.
