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Mortgage applications<\/a>\u00a0fell again last week following a Federal Reserve interest rate hike<\/a> that put a chill on the market, according to the Mortgage Bankers Association.<\/p>\n For the week ending Sept. 18,\u00a0MBA’s Market Composite Index<\/a>\u2014a measure of total mortgage loan application volume\u2014fell 1.5% on a seasonally adjusted basis from one week earlier.<\/p>\n The seasonally adjusted Purchase Index, which measures the volume of\u00a0mortgage applications<\/a>\u00a0to purchase a single-family home, decreased 1% from one week earlier. Purchase applications were down 11% from a year ago. The refinancing index also declined 3% for the week and was 62% lower than the same week one year ago.<\/p>\n