The Market Composite Index was up by 2.9 percent on a seasonally adjusted basis from one week earlier
, while the unadjusted index was two percent higher. The seasonally adjusted Purchase Index increased three percent from one week earlier
and the unadjusted index was two percent higher—the latter was also four percent above the level set during the same week one year ago. The Refinance Index increased three percent from the previous week
, while the refinance share of mortgage activity increased to 39.4 percent of total applications from 39 percent in the previous week
Among the federal programs, the FHA share of total applications decreased to 10.4 percent from 10.6 percent the week prior
while the VA share of total applications increased to 10.1 percent from 10 percent and the USDA share of total applications remained unchanged at 0.7 percent.