Mortgage applications for the week ending June 16, 2017, were up slightly by .6% from the previous week, according to the Mortgage Bankers Association (MBA).

The index that measures purchase volume was down 1% from the week prior. The unadjusted Purchase Index was also lower by 1% for the previous week and was 9% higher compared to the same week one year ago.

Refinance applications increased by 2% from the previous week to the highest level since November 2016. The refi share of the total loan apps was 46.6%, higher that the previous week which was 45.4%.

Total applications for adjustable-rate mortgages (ARM) had risen to 7.5%.

FHA loans applications for the week of June 16th were 10.1%, down than the previous week’s 11.2%.

VA loan applications were down to 10.4% from 11.1% the week prior.

The USDA share of total applications decreased to .7% from .8% the week prior.

Erik Sandstrom
LoanSafe's Mortgage Expert
I'm a Senior Loan Officer and LoanSafe mortgage expert. If you need a live rate quote, or need help getting a new mortgage, please call me direct anytime at 619-379-8999.