In the week ending June 18th, mortgage application volume rose once again. This 2.1% increase is the second consecutive rise in application volume. Refinances also saw a volume jump for the second week in a row, rising by 4% in conventional loan refinances specifically. Refinances made up 62.5% of total mortgage applications this past period.
- The FHA share of total mortgage applications fell from 9.6% to 9.5% this past week.
- The VA share of total mortgage applications fell from 11.5% to 11.2% this past week.
