And since I try to post relevant information I have contacted a Carolyn Kemp ([email protected]) and asked her to see if she can get someone at MBAA (www.mbaa.org) to respond to my request for a breakdown of the total Mortgage Application Volume – how much percent is refi and how much percent is new (or used) finances.
If I get an explanation I will make sure to post since piggington.com seems to be a new hobby of mine 🙂
I did find this information though:
The Conventional Purchase Index decreased 0.7 percent while the Government Purchase Index (largely FHA) increased 0.2 percent (from one week earlier).
The adjustable-rate mortgage (ARM) share of activity increased to 8.0 percent from 7.3 percent of total applications from the previous week.
