Home mortgage loan applications gained 6.8% in volume last week, according to a report from the Mortgage Bankers Association. The refinance volume has continued it’s rise gaining an additional 9% over the last week and reaching a level 86% higher than this time last year. Refinance mortgage applications are now 64.3% of the total mortgage application volume.
- The FHA’s share of mortgage applications rose to 10.1% from 9.7%.
- The VA share of mortgage applications fell to 12% from 12.3%.
