Last week mortgage application volume jumped 8.15% from the week prior. The previous two weeks application volume saw decreases after starting the year strong. Refinance volume was the highest, up 11% from the previous week, reaching the highest level since March 2020. This level of refinance activity was 59% higher than this time last year.
- The FHA share of mortgage application volume went down to 9.1% from 9.4% the previous week.
- The VA share of mortgage application volume went down also, dropping from 12.4% to 12.1% this week.
