Mortgage Applications Edge Up Last Week
Washington, DC, Aug. 7, 2013 -- Mortgage applications ticked up 0.2% for the week ending August 2, according to the Mortgage Bankers Association.
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The refinance index remained unchanged, while the purchase index rose 1% from the prior week.
As a whole, the refinance share of mortgage activity was unchanged at 63% of total applications.
The average contract interest rate for a 30-year, fixed-rate mortgage inched up to 4.61% from 4.58%.