Interest Growing in Home Purchase Mortgages
Washington, DC, April 9, 2014 -- Mortgage application volume fell last week as refinancing interest declined, according to the Mortgage Bankers Association.
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MBA said its seasonally adjusted index of mortgage application activity declined 1.6% in the week ended April 4.
Refinancing applications fell 4.9%, while purchase loan applications, rose 2.7%.
Fixed 30-year mortgage rates averaged 4.56%.