Mortgage applications decreased 3.8% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Dec. 12.

On an unadjusted basis, the index decreased 5% compared with the previous week.

The refinance index decreased 4% from the previous week and was 86% higher than the same week one year ago. The refinance share of mortgage activity increased to 59% of all applications, up from 58.2% the previous week.

“Mortgage rates inched up last week following the FOMC meeting, as investors interpreted the comments to signal that we are near details ⇒

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