While prospective borrowers completed more mortgage applications last week, the share applying for government loans has fallen each of the preceding three weeks.

The number applications for a home loan that were submitted to residential lenders during the week ended Feb. 2 rose by a seasonally adjusted 1 percent from a week earlier.

That is according to a measure of retail single-family loan application volume, the Market Composite Index, which climbed 4 percent without seasonal adjustments.


Source: Mortgage Daily