For the second week in a row, home mortgage application volume was down. Last week mortgage application volume dropped 4.1% despite being up 83% year-over-year. The second consecutive week of application volume decreases comes as mortgage rates see a slight uptick to close January.
- The FHA’s share of mortgage application volume increased to 9.4% from 9.3% the previous week.
- The VA’s share of mortgage applications decreased tp 12.4% from 13.8% the previous week.
