For the week ending November 19th, mortgage application volume rose 1.8% according to a report from the Mortgage Bankers Association. Specifically, the volume for new purchase applications went up 4.7% last week. Despite this time of year typically being a slower time for real estate transactions, mortgage application volume has now increased for the third straight week. Refinance applications made up 63.1% of total application volume this past week.
- VA loan applications made up 10.3% of total volume this period, down .5% from the previous period.
- FHA loan applications made up 8.9% of total volume this period, up .3% from the previous period.
