By Diana Olick | CNBC.com
Economic concerns in the U.S. and overseas pushed mortgage rates to lows not seen since the start of 2015, but that did nothing to spur homebuyers.
Mortgage application volume decreased 2.4 percent last week from the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
Mortgage applications to purchase a home fell 5 percent from one week earlier but were 16 percent higher than the same week a year ago. Purchase applications are likely weaker due more to the lack of homes for sale than to any interest rate moves.
