Talking Points
- Mortgage application volume rose 2.5 percent last week, seasonally adjusted, compared with the previous week. The increase was driven entirely by purchase applications.
- Total volume is 4.3 percent lower than a year ago, according to the Mortgage Bankers Association, because of continuing weakness in loan refinancing.
- Mortgage applications to purchase a home jumped 7 percent for the week and were 8 percent higher than the same week one year ago.