For the second consecutive week, mortgage application volume faltered slightly, dropping 0.6% from the week prior. Home mortgage loan purchase applications fell 2% from the week prior but remained 26% higher than they were this time last year. Refinance volume stayed consistent this week and reached a level that was 74% higher than this time in 2019.
- The FHA’s share of mortgage apps increased to 11.8% from 10.7%.
- The VA share of applications fell to 12.6% from 13.4%.
