"Mortgage application volume rose 3.6% during the week ended June 27, according to the trade group Mortgage Bankers Association's weekly application survey.
The MBA's application index rose to 477.7 during the week, bouncing back from a year-to-date low of 461.3.
Refinance volume increased 4.7% during the week, while purchase volume increased 2.8%. Refinance applications accounted for 36.8% of total applications, compared with 36.3% a week earlier."
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Mortgage applications rise as owners refinance
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