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FHA/VA Boosts Otherwise Flat Mortgage Apps
Wednesday, August 26, 2015
There was virtually no
movement last week in the various indices measuring mortgage application
volume. The Mortgage Bankers Association's
(MBA's) Market Composite Index, a gauge of overall application activity, eked
out a 0.2 percent increase during the week ended August 21 while the unadjusted
index declined by 1.0 percent.
The Refinance Index also
lost ground compared to the previous week, down 1.0 percent. The refinance
share of total mortgage applications dipped from 55.5 percent during the week
ended August 14 to 55.3 percent.
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