Mortgage applications in the United States declined by 0.6% on a seasonally adjusted basis for the week ending March 29, the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey revealed on Wednesday.
The Purchasing Index went down slightly from the previous week’s 145.7 to 145.6. The Mortgage Market Index fell from 196.8 seen the week before to 195.6. Meanwhile, the Mortgage Refinance Index saw a sharper weekly drop from 460.9 to 453.5.
The 30-year mortgage rate slid slightly from 6.93% to 6.91%.