Mortgage applications decreased 10.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 27.

On an unadjusted basis, the index decreased 10% compared with the previous week.

The refinance index decreased 17% from the previous week and was 33% higher than the same week one year ago. The seasonally adjusted purchase index decreased 3% from one week earlier. The unadjusted purchase index decreased 2% compared with the previous week and was 1% higher than the same week one year ago.

“The 30-year mortgage rate, now at 6.57%, details ⇒

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