Mortgage Applications Tick Up Last Week
Washington, DC, Feb. 5, 2014 -- Mortgage application volume last week rose on the strength of refinancing, according to the Mortgage Bankers Association.
MBA said its seasonally adjusted index of mortgage application activity rose 0.4%.
The interest rate on fixed 30-year mortgages averaged 4.47%, down from 4.52% the previous week.
Refinancing rose 2.9% while loan requests for home purchases fell 3.8%.