After reaching their highest level since July 2022, mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry.

According to weekly data released Wednesday by the Mortgage Bankers Association (MBA), applications shrank 5.1% on a seasonally adjusted basis during the week ending Oct. 4. This included a 9% weekly decline in refinance applications and a 0.1% decline in purchase loan demand.

Compared to same week in 2023, however, purchase applications were up 8% and refi applications were up 159%.

“In the wake of stronger economic data last week, including the details ⇒

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