TALKING POINTS
- Total mortgage application volume jumped 4.8 percent from the previous week, according to the Mortgage Bankers Association.
- Refinance applications rose 7.3 percent last week from the previous week but was still down more than 10 percent from a year ago.
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to 4.69 percent from 4.68 percent for 80 percent loan to-value ratio loans.