Mortgage application volume was lower than the week before as both refinance and purchase activity declined.

The Mortgage Bankers Association's weekly index decreased 2.7% on a seasonally adjusted basis for the period ending Aug. 8. A week earlier, the index was up 1.6%.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry