Mortgage Applications Rise on Refinancing
Washington, DC, Aug. 20, 2014 -- Mortgage application volume rose last week as demand for refinancing increased, according to the Mortgage Bankers Association.
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MBA said its seasonally adjusted index of mortgage application activity rose 1.4% in the week ended Aug. 15.
The index of refinancing applications rose 2.7%, while loan requests for home purchase fell 0.4%.
Fixed 30-year mortgage rates averaged 4.29% in the week, down from 4.35% the week before.