Another Refinance Wave Boosts Home Mortgage Applications Numbers
With home mortgage rates continuing to hover near record lows, mortgage application volume jumped 3.8% last week according to a report from the Mortgage Bankers Association. Refinance activity rose 6% from the previous week marking a level over 88% than this time last year. Refinance share’s of the application volume accounted for 68.7% of total applications this past week while we saw a small dip in purchase applications, falling 1%. Purchase applications are still 25% higher than the same week a year ago. The FHA’s share of applications fell to 11.1% from 11.7%. The VA share of applications increased to 12.2% from...Home Mortgage Loan Application Volume Rises Again
After two weeks of slight declines, mortgage applications regained their footing last week, rising 1.7% from the previous week. The refinance numbers led this rebound by increasing over 3% from the week prior. Refinances are now making up 66.7% of mortgage application volume. Purchase applications rose only 0.2% this past week, but remained 24% higher than this time last year. The FHA’s share of mortgage applications fell to 11.7% from 11.8%. The VA share of applications fell to 11.4% from...Mortgage Application Volume Down
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...Mortgage Application Volume Sees Dip Despite Low Mortgage Rates
Mortgage application volume stayed relatively stagnant this week but did see a small decrease, down 0.7% from the week prior according to a report from the Mortgage Bankers Association. After hitting their highest levels since mid-August the week before, refinance volume experienced a slight 0.3% decrease this past week, but still remained 44% higher than this time last year. Almost 2/3 of home mortgage loan applications were for refinances in this last seven days. The FHA’s share of mortgage applications fell to 10.7% from 11%. The VA share of applications rose to 13.4% rom...Home Mortgage Loan Application Numbers Up
After falling 4.8% the week prior, mortgage applications numbers have almost completely rebounded last week, gaining 4.6% according to a report from the Mortgage Bankers Association. Numbers in the refinance market also rose 8% hitting its highest levels since the middle of August, while making up 65.4% of total mortgage applications. Year-over-year purchase applications are un 21% marking the 20th straight week of year-over-year gains. The FHA’s share of mortgage applications fell to 11% from 11.4%. The VA share of applications rose to 12.2% from...Connect With Us
