After a volatile month of upswings and downswings, mortgage applications concluded the month down 0.8% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 30, 2015.

Headlines from the results of the survey over the month include: “Mortgage applications skyrocket more than 25%;” compared to one week later: “Mortgage applications tumble more than 25% due to TRID.”

“Application volume plummeted last week in the wake of the implementation of the new TILA-RESPA integrated disclosures, which caused lenders to significantly revamp their business processes, and as a result dramatically slowed the pace of activity,” said Mike Fratantoni, MBA’s chief economist, said for the week ending Oct. 9, 2015.

“The prior week’s results evidently pulled forward much of the volume that would have more naturally taken place into this week. Purchase volume for the week was below last year’s pace, the first year over year decrease since February 2015, while refinance volume dropped sharply even with little change in mortgage rates,” Fratantoni continued.  

Now, at the end of the month, the results have started to simmer down after the post-TRID volatility.

The refinance index dropped 1% from the previous week, as the seasonally adjusted purchase index decreased 1% from one week earlier.

The refinance share of mortgage activity ticked slightly higher to 59.7% of total applications, up from 59.5% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 6.7% of total applications.

The Federal Housing Administration share of total applications decreased to 13.2% from 13.7% the week prior. The Veterans Affairs share of total applications decreased to 11.9% from 12.3% the week prior. The Department of Agriculture's share of total applications remained unchanged from 0.7% the week prior.

The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 4.01% from 3.98%.

The average contract interest rate for 30-year, fixed-rate mortgages with jumbo loan balances (greater than $417,000) increased to 3.90% from 3.88%.

The average contract interest rate for 30-year, fixed-rate mortgages backed by the FHA increased to 3.81% from 3.80%, while the average contract interest rate for 15-year fixed-rate mortgages increased to 3.24% from 3.22%.