WASHINGTON - Mortgage applications in the week that ended Sept. 15 decreased 1.9% from the previous week, the Mortgage Bankers Association reported.

The index fell 21.3% from the week before and rose 17.6% from the corresponding week last year.

The housing-demand index dropped 1.72% from the previous week, to 318.8, and its seasonally adjusted refinance index decreased 2.69%, to 440.7. The conventional-loan application index fell 3.17%, to 414.7, and the government-loan application index rose 2.56%, to 206.5.

The refinancing ratio increased 10 basis points, to 19.7% of loan applications. Adjustable-rate mortgage applications dropped 70 basis points, to 14.9% of applications.

The average interest rate for 30-year fixed-rate mortgages dipped 7 basis points, to 7.9%. The average rate for a one-year adjustable mortgage was unchanged, at 7.57%. All figures are seasonally adjusted.

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