The Market Composite Index, a measure of mortgage loan application volume, "Borrowers were sensitive to rising rates, but the refinance share of. Government refinances actually increased last week, led by a 17 percent.
CNBC's Diana Olick reports on the latest mortgage application data.
Total mortgage application volume in the US rose 5.3 percent in the week. driven by a 116 percent jump in refinances and a 7 percent rise in.
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Mortgage Application Volume Fell For a Third Straight Week. In contrast to what typically happens when rates rise, applications for refinances increased 2%, its highest level in a month, driven mainly by FHA applications.
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Mortgage applications were down 3.4% from the previous week, but still. Weekly mortgage applications fall as rates rise, volume remains. slightly last week, which shows how rate-sensitive refinances are. “After seeing a six-week streak, mortgage rates for 30-year loans increased slightly, which led to a.
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