Demand for Mortgages Falls Last Week
Washington, DC, June 25, 2014 -- Mortgage application volume fell last week as both purchase and refinancing applications declined, according to the Mortgage Bankers Association.
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MBA said its index of mortgage application activity fell 1.0% in the week ended June 20.
The index of refinancing applications fell 0.9%, while the measure of mortgage for home purchases fell 1.2%.
Fixed 30-year mortgage rates averaged 4.33%.