Likewise, the seasonally adjusted Purchase Index decreased two percent from one week earlier
while the unadjusted index shot up by nine percent. The unadjusted index was 0.2 percent lower than the same week one year ago. The Refinance Index decreased two percent from the previous week
and the refinance share of mortgage activity remained unchanged from the previous week
at 35.6 percent of total applications.
Among the federal programs, the FHA share of total applications increased to 10.6 percent from 9.7 percent the week prior and the VA share of total applications increased to 10.7 percent from 10.1 percent, while the USDA share of total applications remained unchanged at 0.8 percent.