California

Weekly Refi Applications Plunge 7.2% 

Total mortgage and refinance applications fell 3.5% in the week ending August 7 but are still up 16% from the year-ago level, according to a survey by the Mortgage Bankers Association (MBA). The volume of refinance applications alone slipped 7.2% from last week, bringing the refi share to 52.3% of total application activity from 54.2% a week earlier.