"Mortgage application volume fell 9.3 percent during the week ended June 20, according to the trade group Mortgage Bankers Association's weekly application survey.
The MBA's application index hit its lowest point of the year, falling to 461.3, down from 508.4 a week earlier.
Refinance volume fell 12.1 percent during the week, while purchase volume declined 7.4 percent. Refinance applications accounted for 36.3 percent of total mortgage applications, compared with 37.4 percent the previous week."
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Mortgage application volume falls 9.3 percent
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