ARMs fell to around 3 %
of total application volume after the housing crisis, as a result of being labeled a «high - risk» mortgage product.
Go over the step - by - step process of reviewing the Vacancy Announcement, determining the KSAs, and understanding how the Questionnaire is a
part of the total application.
For comparison, the reports for the last two years for the same period recorded the refinance share of activity at 61 %
of total applications in 2015 and at 54 % in 2014, which was the lowest level since 2010 at the time.
The refinance share of mortgage activity decreased to 46.4 percent
of total applications, its lowest level since July, from 47.8 percent the previous week.
Refinance applications increased to 42.4 percent
of total applications, up from 41.6 percent the previous week.
In CPS» case, it was less than 1 percent
of the total applications.
In our study sample, applications from Asian investigators were 16.2 %, blacks were 1.4 %, Hispanics were 3.2 %, Native Americans were 0.05 %, whites were 69.9 %, and other / unknown were 9.2 %
of total applications.
The refinance share of mortgage activity increased to 57 percent
of total applications, the highest level since February, while the adjustable - rate mortgage share of activity increased to 7.6 percent.
The adjustable - rate mortgage (ARM) share of activity decreased to 6.5 %
of total applications.
The VA share
of total applications remained unchanged at 11.1 percent.
MBA also indicated that the adjustable - rate mortgage share of activity decreased to 4.7 % from 4.9 %
of total applications from the previous week.
According to the latest survey for the week ending April 1, the refinance share of mortgage activity now sits at 54.5 %
of total applications.
The Veteran Affairs» share
of total applications decreased to 12.2 % from 12.9 % the week prior.
Last week, the Mortgage Bankers Association weekly mortgage applications survey showed that the overall refinance share of mortgage activity was waning, falling to 52.4 %
of total applications from 53.9 % the previous week.
The adjustable - rate mortgage (ARM) share of activity decreased to 5.1 percent
of total applications.
The FHA share
of total applications decreased to 9.9 percent from 10.0 percent the week prior.
The VA share
of total applications decreased, also, to 11.1 percent from 11.6 percent the previous week.
The adjustable - rate mortgage (ARM) share of activity increased to 8.2 percent
of total applications — the highest level since October 2014.
The FHA share
of total applications decreased, however, to 11.1 percent from 11.8 percent the previous week.
The USDA share
of total applications decreased to 0.5 percent from 0.6 percent the week prior.