Mortgage applications fell last week

Mortgage applications declined in the latest weekly survey of the Mortgage Bankers Association, a group that represents the real estate finance industry.

For the week ending Feb. 15, the survey's market composite index, a measure of mortgage loan application volume, was 822.8, a decrease of 22.6 percent on a seasonally adjusted basis from the previous week's reading, the association said.

On an unadjusted basis, the index was up 33.9 percent compared with the same week one year earlier, the association said.
(By Chris Reidy, Globe staff)