According to data from the Mortgage Bankers Association’s weekly survey, mortgage application volume decreased 1.9% for the week ending December 2nd. Refinance volume actually increased 5% from the previous week, but was still 86% lower than this time last year. Purchase volume was 40% lower now than this same time in 2021.
- The FHA share of total applications increased from 12.2% to 13.7% this past week.
- The VA share of total applications increased from 11.2% to 11.4% this past week.
