According to data from the newest Mortgage Bankers Association’s Weekly Survey, applications for new mortgage increased by 3.2% this past week. Refinance mortgage applications increased 3% during this period marking a volume 85% lower than this same week last year. Refinance application made up 29.4% of total application volume, which was an increase of 0.7%. Rates falling will increase refinance demand and also reintroduce buyers to the market.

 

• The FHA share of total applications decreased from 13.7% to 13.1% this past week.
• The VA share of total applications increased from 11.4% to 11.5% this past week.

 

According to data from the Mortgage Bankers Association’s weekly survey, mortgage application volume decreased 1.9% for the week ending December 2nd. Refinance volume actually increased 5% from the previous week, but was still 86% lower than this time last year. Purchase volume was 40% lower now than this same time in 2021.

 

• The FHA share of total applications increased from 12.2% to 13.7% this past week.
• The VA share of total applications increased from 11.2% to 11.4% this past week.

According to the newest survey from the Mortgage Bankers Association, new mortgage application numbers decreased 1.7% this past week. When compared with this time last year mortgage applications saw a 42% decrease year-over-year. This also marked the 10th consecutive week that the average 30-year fixed rate has increased, making it no surprise fewer people are applying for new mortgages.

 

• The FHA share of mortgage applications increased to 13.9% from 13.6% this past week.
• The VA share of mortgage applications remained at 10.7% this past week.

According to the newest weekly survey from the Mortgage Bankers Association, mortgage application volume decreased 2.0% during the week ending October 7th. Refinance applications were down 86% from this time in 2021 and made up 29% of total applications during last week’s period. The decrease in application volume comes as no surprise with mortgage rates still slowly increasing.

 

• The FHA share of mortgage application volume increased to 13.5% from 13.2% this past week.
• The VA share of mortgage application volume increased to 10.9% from 10.7% this past week.

According to new weekly data from the Mortgage Bankers Association, mortgage application volume dropped 3% compared to the previous week and 23% total year-over-year. 30-year interest rates have hit their highest level since June, causing interest in refinances to drop. Refinance application volume was only 30.7% of total applications this past week.

 

• The FHA share of mortgage application volume increased from 13.0% to 13.3% this past week.
• The VA share of mortgage application volume decreased from 11.1% to 10.8% this past week.