Mortgage application activity increased a modest 4.1% in the week ending Aug. 12 despite further declines in mortgage rates, reported the Mortgage Bankers Association (MBA) this morning. 

The Refinance Index rose a much-less-than-expected 8% to ~3916 versus an expectation of a 20% jump closer to 4400.  As a percent of total applications, refinance share rose to 78.8% from 75.6%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.