Mortgage applications decreased 1.6% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending April 24.
On an unadjusted basis, the index decreased 1% compared with the previous week.
The refinance index decreased 4% from the previous week and was 51% higher than the same week one year ago.
The seasonally adjusted purchase index increased 1% from one week earlier. The unadjusted purchase index increased 2% compared with the previous week and was 21% higher than the same week one year ago.
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