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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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