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.

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%.