Mortgage applications filed in the U.S. last week fell 10% from the prior week, and refinancing...

|By:, SA News Editor

Mortgage applications filed in the U.S. last week fell 10% from the prior week, and refinancing activity dropped 12%, according to the latest MBA survey. The average rate on 30-year fixed-rate mortgages with conforming loan balances rose to 4.23% from 4.22%.