Mortgage Bankers Association’s (MBA) weekly mortgage applications survey reports for the week ending 08/08/2014, mortgage application decreased 2.7% from one week earlier, a new 14-year low.

Is the US “housing recovery” in jeopardy?

Mortgage Rates vs Mortgage Apps

The refinance mtg apps are down 75% from the levels in May 2013.

MBA Refinance Mtg App Index

According to the MBA, the unadjusted purchase index is down about 10% from a year ago.

MBA Purchase Mtg App Index