Application volume is flat as refinance activity slows

 · The refinance share of mortgage activity increased to 50.2% from last week’s 49.8%. The adjustable-rate mortgage share of activity decreased to 6.1% of total applications.

NEW YORK (Reuters) – The weekly volume of U.S. mortgage. adjusted index of mortgage refinancing activity dipped 0.5 percent to 1,290.8, the lowest since early July. The share of refinancing.

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The refinance share of mortgage activity decreased to 73.4 percent of total applications, the lowest since July 2011, from 75.1 percent the previous week. "With the rate increase last week, refinances are obviously slowing, and the refinance share at 73% is down to its lowest level since last July.

Refinance Volume Continued to Slow in Fourth Quarter. These borrowers meet the basic HARP eligibility requirements, have a remaining balance of $50,000 or more on their mortgage, have a remaining term on their loan of greater than 10 years, and their mortgage interest rate is at least 1.5 percent higher than current market rates.

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Mortgage app volume grows along with refi activity share.. application activity in a week that also saw an increase in application volume, according to the Weekly Mortgage Applications Survey.

U.S. mortgage activity flat as loan rates fall: MBA. The group’s seasonally adjusted index of mortgage refinancing activity dipped 0.5 percent to 1,290.8, the lowest since early July. The share of refinancing requests of total applications grew to 49.0 percent from 48.7 percent the previous week.

The purchase application. volume increased 0.3% and the refinance application volume increased 0.6% over the same period. It’s important to note that with the final expiration of the governments.

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.