“After five consecutive weeks of increases, mortgage rates declined slightly last week as oil prices dipped briefly on the hopes of a sustained resolution to the war in Iran. Activity remained unchanged week over week for all product types. Adjustable-rate mortgage (ARM) activity remained unchanged at 7.9% of total applications and the Federal Housing Administration (FHA) share of total applications held steady at 17.3%. The U.S. Department of Veterans Affairs (VA) share of total applications remained unchanged at 12.3% from the week prior and the U.S. Department of Agriculture (USDA) share of total applications remained at 0.5%. Rates for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 6.43% while 15-year fixed-rate mortgages rates decreased to 6.10% from 6.13%.