After an up and down start to 2021 in terms of mortgage loan application volume, this week saw yet another dip. The total amount of applications coming in last week dropped 4.1% from week before. Marking a fair portion of the total volume’s decrease was the fall in refinance applications, dipping 4%. This drop did not stop yet another week of year-over-year gains in the refinance market compared to this time in 2020.
- The FHA share of home mortgage applications increased from 9.1% to 9.5% this past week.
- The VA share of home mortgage applications increased from 12.1% to 13.3% this past week.
