Heading into the holiday weekend, mortgage application volume held steady. Purchase-money activity was up, and refinances were lower — though refinance share was the widest it’s been in nearly six months. Veterans’ share was the thinnest it’s been in over three months.

Adjusting for seasonal factors, the volume of new retail residential loan applications during the seven days ended Aug. 31 was about the same as in the previous week.

That was based on the Market Composite Index, which fell 2 percent from the preceding seven-day period when no adjustments are made for seasonal factors.


Source: Mortgage Daily