Mortgage Application Volume Little Changed

Washington, DC, April 24, 2013 -- Mortgage application volume edged up last week from the prior week as mortgage rates declined, according to the Mortgage Bankers Association.

Applications increased 0.2% on a seasonally adjusted basis for the week ended April 19 from the prior week.

The refinance index was up 0.3% and the purchasing index was up 0.3% from the prior week, marking its highest level since May 2010.

The refinancing share of applications was unchanged from the prior week at 75%.

The average rate on a 30-year fixed-rate mortgage fell to 3.65% from 3.67% in the prior week.

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