Applications for mortgage loan refinancing decreased 5.08 percent over the week ending June 21, according to the Mortgage Bankers Associationâ??s refinance index, when tracked as a four-week moving average.
The seasonally adjusted purchase mortgage index increased by 0.5 percent during the same period.
Additional detail:
- The market volume index for all mortgage loan applications contracted 3.44 percent from one week earlier when tracked as a four-week moving average.
- The refinance share of all loan applications decreased from 68.7 percent one week earlier to 67.3 percent in the week ending June 21.