Mortgage applications for the week ending Sept. 30 decreased 14.2% from the prior week, according to the latest survey from the Mortgage Bankers Association.

On an unadjusted basis, the mortgage composite index decreased 14% compared with the previous week. The refinance index decreased 18% from the previous week and was 86% lower than the same week one year ago. The seasonally adjusted purchase index fell 13% from one week earlier and was down 37% from this time last year.

“Mortgage rates continued to climb last week, causing another pullback in overall application activity, which details ⇒

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