Mortgage Application Volume Increases Last Week
Washington, DC, July 9, 2014 -- Mortgage application volume rose last week, according to the Mortgage Bankers Association.
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MBA said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 1.9%.
Refinancing applications rose 0.4%, while loan requests for home purchases increased 3.7%.
Fixed 30-year mortgage rates averaged 4.32% in the week, up from 4.28% the week before.