Talking Points

  • Total mortgage application volume slipped 2.5 percent from the previous week and 12 percent from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted report.
  • Application volume for homebuyers was down 3 percent for the week and just 1 percent higher than a year ago.
  • Mortgage applications to refinance a home loan fell 2 percent for the week and were nearly 29 percent lower than a year ago, when rates were nearly three-quarters of a percentage point lower.