Talking Points

  • Mortgage application volume fell 2 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. 
  • Volume was 19 percent lower than the same week one year ago, when interest rates were lower.
  • The drop in total volume was driven by a fall-off in homebuyers. Applications for a mortgage to purchase a home fell 3 percent compared with the previous week to the lowest level since February.