Mortgage Application Volume Rises Last Week

Washington, DC, Sept. 17, 2014 -- Mortgage application volume rose last week as both purchase and refinancing applications increased, according to the Mortgage Bankers Association.

MBA said its seasonally adjusted index rose 7.9% in the week ended Sept. 12.

The index of refinancing applications rose 10.3%, while the gauge of loan requests for home purchases rose 4.8%.

Fixed 30-year mortgage rates averaged 4.36%, the highest level since June.