Mortgage Application Volume Falls Last Week

Washington, DC, Oct. 1, 2014 -- Mortgage application volume last week fell 0.2% on a seasonally adjusted basis, according to the Mortgage Bankers Association.

Refinancing applications declined 0.3% from the previous week, while purchase applications were flat.

Purchase applications were down 11% from a year ago.

The average interest rate for a 30-year fixed-rate mortgage decreased to 4.33% from 4.39%.

Refinancing volume remained unchanged at 56% of total volume.

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