A few more applications that were completed for house-purchase loans were more than offset by a decline in the volume of refinance applications. Government share was unchanged, and jumbo rates lost some luster.

In the seven-day period that finished on June 29, the Market Composite Index slipped less than a seasonally adjusted 1 percent compared to the prior week.

Even without seasonal adjustments, the index — a measure of residential real estate loan applications — moved lower by a percent from the week ended June 22.


Source: Mortgage Daily