Mortgage application volume increased 0.3% this past week ending in September 10th. This increase in application volume was led by purchase applications coming in at a much higher level than the previous weekly period. Refinance applications fell by 3% as the purchase applications rose 8%, marking the highest level of purchase mortgage applications since April 2021.
- The FHA share of mortgage application volume dipped to 9.9% from 10.9% the week prior.
- The VA share of mortgage application volume dipped to 10.2% from 10.4% the week prior.
