Volume was 65% higher than a year ago, when interest rates were considerably higher, according to the Mortgage Bankers Association.
Total mortgage application volume fell 5% from the previous week, according to the Mortgage Bankers Association.Refinance volume was weakest, falling 7% last week.Daniel Acker | Bloomberg | Getty Images
Total mortgage application volume fell 5% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Yet volume was 65% higher compared with the same week one year ago, when interest rates were considerably higher.
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