Mortgage applications fell 2.5% in the week ended Aug. 31, as refinances fell 3% and purchases were off 0.8%, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey.

Refinances accounted for 79% of the market, unchanged from the week before, while adjustable-rate mortgages grew to 5% of applications.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.