Mortgage Application Volume Falls Last Week
Washington, DC, April 23, 2014 -- Mortgage application volume last week fell as both purchase and refinancing applications declined, according to the Mortgage Bankers Association.
MBA said its seasonally adjusted index of mortgage application activity fell 3.3% in the week ended April 18.
The index of refinancing applications fell 3.7%, while the measure of purchase applications fell 2.6%.
Fixed 30-year mortgage rates averaged 4.49% in the week, up from 4.47% the week before.