Mortgage Application Volume Edges Up Last Week
Washington, DC, Feb. 4, 2015 -- Mortgage application volume last week rose 1.3%, according to the Mortgage Bankers Association.
MBA said its seasonally adjusted index of refinancing applications rose 2.5%, while the gauge of loan requests for home purchases declined 2.3%.
The refinance share of total mortgage activity fell to 71% of applications from 72% the week before.
Fixed 30-year mortgage rates averaged 3.79% in the week, the lowest level since May 2013.