Mortgage Application Volume Rises on Refinancing

Washington, DC, Aug. 6, 2014 -- Mortgage application volume rose last week as refinancing applications increased, according to the Mortgage Bankers Association.

MBA said its index of mortgage application activity rose 1.6% in the week ended Aug. 1.

The MBA's seasonally adjusted index of refinancing applications rose 3.8%, while loan requests for home purchases fell 1.3%.

Fixed 30-year mortgage rates averaged 4.35% in the week, up from 4.33% the week before.