Mortgage applications fell 4.6% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 20.
The prior week's mortgage application report recorded the first increase in a while. However, the results included an adjustment for the Columbus Day holiday.
Broken up, the Refinance Index decreased 3% from the previous week, as the seasonally adjusted Purchase Index decreased 6% from one week earlier.
Read more on Housing Wire.