As overall applications for home loans slowed on a week-over-week basis, the share that were for government mortgage programs was more narrow.
The number of applications completed for new mortgages in the week ended Aug. 25 descended by a seasonally adjusted 2 percent from the previous week.
That was based on the Market Composite Index, a measure of retail residential loan application volume that was down 4 percent without seasonal adjustments.
Source: Mortgage Daily
