U.S. Mortgage Applications Fell Last Week
U.S. Mortgage Applications Fell Last Week
The Mortgage Bankers Association's index of loan application volume slipped 1.8 percent for the week ended Aug. 3.
The group's gauge of requests for purchase loans declined 1.4 percent, while refinancing applications were down 1.9 percent.
The MBA noted that the refi share of total mortgage activity held steady from the week before, at 81.2 percent of total applications.
Source: "US Mortgage Applications Fell Last Week" CNBC News (08/08/12)
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