Mortgage Application Volume Surges

Washington, DC, Jan. 15, 2014 -- Mortgage application volume rose 11.9% last week from the previous week, according to the Mortgage Bankers Association.

The refinance index grew 11% from the prior week, while the seasonally adjusted purchase index climbed 12%.

The average rate on 30-year fixed-rate mortgages fell to 4.66% from 4.72% the prior week.

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