NEW YORK — Mortgage application volume decreased 3.8% in the week ended April 20, as refinancings dropped, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.

The refinance index fell 5.6%, with the conventional refinance Index off 6.1% and the government refinance Index down 2.1%. The seasonally adjusted purchase index increased 2.7%.

The four-week moving average for the seasonally adjusted market index rose 1.23%. The four-week seasonally adjusted purchase index moving average slid 0.67%, while this average grew 1.92% for the refinance index.

Refinances fell to 73.4% of total applications from 75.2% the previous week. Adjustable-rate mortgages accounted for 5.6% of volume, up from 5.3% the previous week.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) decreased to 4.04% from 4.05%.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.32% from 3.33%.

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