Mortgage Application Volume Down Last Week

New York, NY, Aug. 13, 2014 -- Mortgage application volume fell last week as both purchase and refinancing applications declined, according to the Mortgage Bankers Association.

MBA said its index of mortgage application activity declined 2.7% in the week ended Aug. 8.

Refinancing applications fell 4.0%, while loan requests for home purchases fell 1.0%.

Fixed 30-year mortgage rates averaged 4.35% in the week, unchanged from the week before.