Mortgage applications were up .8% from one week earlier for the week ending January 13, 2017, according to the latest weekly report from the Mortgage Bankers Association (MBA).
Refinance loans led the charge with a 7% total share of applications, and increased to 53% of total applications from 51.2% the week prior.
Purchase loan applications dropped 5% from one week earlier. The unadjusted Purchase Index was 25% higher from the week prior and was down 1% than the same week one year ago.
Adjustable-rate mortgages (ARM) increased 5.7% of total applications.
Applications for FHA loans were 13.1% higher from 11.7% the week prior.
VA loan applications dropped to 12.1% from 12.8% the previous week.
The USDA share of total applications was unchanged from .9% the week prior.