Mortgage Applications Tick Down Last Week

Washington, DC, Jan. 28, 2015 — Mortgage application volume fell 3.2% for the week ending Jan. 23 on a seasonally adjusted basis, according to the Mortgage Bankers Association.

Volume fell as mortgage rates ticked up. The 30-year fixed-rate mortgage increased to 3.83% from 3.80%.

Purchase applications declined 0.1% while refinancing applications fell 5.1%.