• The Mortgage Bankers Association said its seasonally adjusted Market Composite Index, which charts mortgage loan application volume,was down 4.5% last week when compared with the previous week. Without the adjustment, applications were down 4.7%.
• The slowdown occurred in both new purchases and refinances, the MBA said. Refinances continue to dominate activity, accounting for about 81% of it.
• Last week, refinance applications were down 5%. Applications for new purchases were down 2% when seasonally adjusted.

From the article:

Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 10....