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.

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%.