Application volume is flat as refinance activity slows

FHFA’s second quarter Refinance Report also shows that more than 9,700 loans were refinanced through the Home Affordable Refinance Program, bringing the total number of HARP refinances to 3,470,804 since inception of the program in 2009.

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Mortgage application volume rises again on refinance activity Refinances drove mortgage applications up for the second week as mortgage rates remained low, and overall application volume was at the highest level since June 2013 last week, according to the weekly mortgage bankers association (mba) applications survey released today.

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The market composite index – a measure of total loan application volume. economist. “Refinance applications, however, were flat over the week, held up by an increase in VA refinances.” More Real.

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Mortgage application volume down, but refi activity remained high: MBA Mortgage applications decreased by 3.4% this week, although refinance activity remained close to its 2019 high point, according to the mortgage bankers association.

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Mortgage Application Activity Slows Down. The Refinance Index fell by four percent while the refinance share of mortgage activity decreased to 49 percent of total applications from 50.1 percent the previous week. Among the federal program, the FHA share of total applications increased to 10.3 percent from 10 percent the week prior and.

Loan Application Defects Increase as Refinance Applications Decrease. part of the overall decline in risk has been due to the recent dominance of refinance activity relative to purchase.