Mortgage Applications Increase Last Week

Washington, DC, Dec. 10, 2014 -- Mortgage application volume rebounded last week,  jumping 7.3% from the previous week, according to the Mortgage Bankers Association.

The seasonally adjusted Purchase Index increased 1% from one week earlier.

The refinance share of mortgage activity increased to 64% of total applications from 60% the previous week.

The average interest rate for 30-year fixed-rate mortgages increased to 4.11% from 4.08%.