|2% over one week on a seasonally adjusted basis from a week earlier. The bigger picture is the Refinance Index decreased 72 percent lower than the same week one year ago.|
The refinance share of mortgage activity decreased to 32.4 percent of total applications from 33.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 10.8 percent of total applications.
The FHA share of total applications decreased to 10.5 percent from 11.1 percent the week prior. The VA share of total applications increased to 10.5 percent from 10.3 percent the week prior. The USDA share of total applications increased to 0.5 percent from 0.4 percent the week prior.
This is all farther down in the article. Nothing is positive about it.
There is no getting false hopes right now, that's just a minor fluctuation probably not affecting any of us.