Mortgage Application Volume Down Last Week
Washington, DC, June 20, 2012 -- Mortgage application volume fell 1.3% last week from the prior week, the Mortgage Bankers Association said.
The refinance index rose 1% while the purchasing index slipped 8.5% from one week earlier, MBA said.
The share of applications filed to refinance an existing mortgage increased to 80.5% of total applications from 78% a week earlier.
The average rate on 30-year fixed-rate mortgages declined to 3.87% from 3.88% a week earlier.