"Mortgage application volume rose 2.8% during the week ending Aug. 1, according to the Mortgage Bankers Association's weekly application survey.
The MBA's application index rose to 432.6 from 420.8 a week earlier, which was the lowest reading of the year.
Refinance volume increased 4.4%, while purchase volume grew 1.8% during the week. Refinance applications accounted for 35.9% of all applications during the week, compared with 35.2% during the previous week."
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Mortgage applications rise 2.8% last week
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