"Mortgage application volume fell 4.6% during the week ended May 23, according to the trade group Mortgage Bankers Association's weekly application survey.
The MBA's application index fell to 593.3 during the week, from 621.6 the previous week.
Refinance volume declined 8.9%, pushing total volume lower. Refinance applications accounted for 46.1% of total applications, down from 48.2% a week earlier."
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Mortgage application volume falls as rates rise
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