Mortgage Applications Rise on Refinancing

Washington, DC, Sept. 21, 2011 -- Mortgage applications edged up slightly last week, according to the Mortgage Bankers Association.

Applications rose 0.6% in the week ended Sept 16 as refinancing applications gained 2.2%, while the gauge of loan requests for home purchases fell 4.7%.

Fixed 30-year mortgage rates averaged 4.29%, unchanged from the week before.