Fewer applicants sought mortgages last week, with the volume of applications down a seasonally adjusted 1.5% compared with the last week of July, the Mortgage Bankers Association reported on Wednesday.

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. [...]

Applications for the week ended June 27 were down 22.8% compared with the same week in 2007, the Washington-based MBA said.
Refinance applications were up 4.7% on a week-to-week basis, while applications for mortgages to purchase a home increased a seasonally adjusted 2.8%.
The four-week moving average for all loans as tracked by the MBA was down [...]