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 11.9%.
