For the first time in three weeks, the mortgage application numbers have risen according to a report from the Mortgage Bankers Association. The refinance mortgage index saw an uptick last week gaining back the 3% it lost the week prior. Year-over-year the refinance mortgage application numbers are up 60%. As more and more people enter the home buying market, it is no surprise that home mortgage loan applications continue to rise.
- The FHA’s share of mortgage applications remained at 10.2%.
- The VA share of applications fell to 11.2% from 11.4%.
