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MBA: Mortgage applications fall 4.1%


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MBA: Mortgage applications fall 4.1%

Mortgageapplications in the week ended April 22 fell 4.1% from the week earlier on a seasonallyadjusted basis, the Mortgage Bankers Association reported.

On anunadjusted basis, the market composite index, which measures mortgage loan applicationvolume, fell 3% week over week.

The seasonallyadjusted purchase index fell 2.0% from the week-ago period. The unadjusted purchaseindex decreased 1.0% week over week and was 14% higher than the year-ago period.

The refinanceindex fell 5% from the previous week.