• Grey Facebook Icon
  • Grey Twitter Icon
Subscribe

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.

MBA: Refinance Applications Continue To Increase

July 17, 2019

Despite mortgage applications dipping 1.1% this week, there has been an overall increase of 24% in the Index on an unadjusted basis, according to a recent report from HousingWire

 

"The Refinance index rose 2% from the previous week and the unadjusted Purchase Index spiked a 21% from a week ago and remained 7% higher than the same week in 2018. Lastly, the seasonally adjusted Purchase Index slid 2% from the week before," according to the report. 

 

The Federal Housing Administration also saw its share of applications increase to 10.6%, a .5% increase from the prior week. The Department of Veteran Affairs saw an increase, however, The Department of Agriculture both also saw a slight dip in applications. 

 

"Coming out of the July 4th holiday, applications were lower overall, with purchase activity slipping almost 4%," said Joel Kan, Mortgage Bankers Association vice president, according to the report. 

 

To learn more about the current state of mortgage refinance applications, click on the image above

 

 

 

Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Mortgage Applications Climb To The Highest Level In More Than A Month

November 13, 2019

1/7
Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon