Mortgage rates fell last week, yet that didn’t inspire more borrowers to apply for a mortgage, according to the Mortgage Bankers Association’s latest survey, released on Wednesday.
Application volume fell a seasonally adjusted 1.5% for the week ended Aug. 15, compared with the previous week. Volume was down 34.2% compared with the same week in 2007, [...]

The volume of mortgage applications filed last week rose slightly, increasing a seasonally adjusted 2.8% compared with the week before, the Mortgage Bankers Association reported on Wednesday.
Applications dropped 33.7% for the week ended Aug. 1, compared with the same week in 2007, the Washington-based MBA said. The MBA’s survey covers about half of all U.S. [...]