Mortgage Application Volume Falls Again
Washington, DC, March 26, 2014 -- Mortgage application volume last week fell 3.5% on a seasonally adjusted basis from the previous week, the Mortgage Bankers Association said.
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Application volume has volume in five of the past six weeks according to the MBA.
On an unadjusted basis, volume declined 3% from a week earlier. The refinance index decreased 8%, while the purchase index rose 3%.
The average rate on a 30-year fixed-rate mortgages rose to 4.56% from 4.5% the previous week.