Application activity increases on a slight decline in rates

Mortgage Applications Face a Slight Decline.. increase in the Refinance share of mortgage activity from 38.7 percent of total applications during the previous week to 38.9 percent. There was a decrease to 6.1 percent of total applications in the adjustable rate mortgage (arm) share of activity.

Fixed mortgage rates are stuck in a month-long slide – With such market-moving news in the mix, it is very difficult to predict mortgage rates, but I am leaning towards a slight decline. of mortgage activity accounted for 42.1 percent of all.