Talking Points
- Total mortgage application volume rose by 3.1 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report.
- Volume is sitting at 8.5 percent below a year ago
- Refinancing volumes jumped 6 percent for the week, the highest level it’s been in a month.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $424,100 or less remained unchanged last week at 4.18 percent.