Mortgage Applications Down on Lower Refinancing
Washington, DC, July 30, 2014 -- Mortgage application volume fell last week, according to the Mortgage Bankers Association.
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MBA said its index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2% in the week ended July 25.
The refinancing index declined 4.0%, while the loan requests for home purchases rose 0.2%.
Fixed 30-year mortgage rates averaged 4.33%.