Mortgage Application Volume Increases Last Week

Washington, DC, July 9, 2014 -- Mortgage application volume rose last week, according to the Mortgage Bankers Association.

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.

                       
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