TALKING POINTS
- Total mortgage application volume fell 0.2 percent for the week and was 0.8 percent lower than a year ago, according to the Mortgage Bankers Association’s seasonally adjusted survey.
- Applications to refinance a home loan fell 0.3 percent last week and were 16 percent lower than a year ago.
- The refinance share of applications fell to 37.2 percent of all applications, the lowest level since September 2008.