Mortgage applications decreased 6.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending July 24.

On an unadjusted basis, the index decreased 6% compared with last week’s data.

The refinance index decreased 10% from the previous week and was 2% lower than the same week one year ago. The seasonally adjusted purchase index decreased 4% from one week earlier. The unadjusted purchase index decreased 3% compared with the previous week and was 3% higher than the same week one year ago.

“Following last week’s spike in oil prices, details ⇒

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