Tag Archives: Mortgage applications fall 2.1%

Mortgage applications fell 2.1% last week, the Mortgage Bankers Association said Wednesday. The weekly results were adjusted for the July 4th holiday. The refinance index alone declined 3% from the prior week, while the purchase index increased 3%, suggesting an uptick in home buying activity while refinancings cooled. The refinance share of mortgage activity declined to 77% of total applications, while the adjustable-rate mortgage share of activity remained around 4% of all applications. The average loan size of all loans purchased hit $240,897 in June, down from $243,722 in May. […]