Refi mortgage application share rises above 50%

The market composite index – a measure of total loan application volume – was unchanged from a week earlier. The refinance index increased 0.1 percent from the previous week, while the purchase index.

When it comes to refinancing your mortgage, the process can become quite tedious, thanks to all the paperwork involved. That’s why many homeowners turn to the FHA Streamline Refinance program. As the name implies, this mortgage product seeks to simplify the application process, something many homeowners find very appealing.

The market composite index – a measure of total loan application volume – increased 4.2 percent from the previous week. The refinance index increased 2 percent, while the purchase index increased 9.

Inventory keeps contracting as higher rates deter sellers: Redfin Higher home prices risk closing door on housing momentum Economic Momentum Yet to Lift Home Sales, According to First American Potential Home Sales Model – –(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk. momentum, the housing market continued to.