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WASHINGTON — Mortgage application volume tumbled 19.2% during the week ended Feb. 22, according to the Mortgage Bankers Association’s weekly application survey.

The MBA’s application index fell to 665.1 from 822.8 the previous week. It was the third straight week application volume fell. During that time, volume has dropped 39% as interest rates have risen steadily.

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Application volume fell as refinance volume plummeted 30.4% during the week. Purchase volume increased 0.2%.

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Tags: , application, mortgage

This entry was posted on Saturday, March 1st, 2008 at 12:30 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.