Mortgage applications decreased 2.9% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending July 31.

On an unadjusted basis, the index decreased 3% compared with the previous week.

The refinance index decreased 2% from the previous week and was 9% lower than the same week one year ago.

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

“In the wake of the July FOMC details ⇒

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