Raw Application Volume Rises as Household Apps Retreat

" Raw mortgage application volume rose 8.6 percent for the week ending Jan. 30, according to a weekly survey released Wednesday by the Mortgage Bankers Association. The refinance index measuring application volume for refinances increased 15.8 percent from the previous week — accounting for 73.2 percent of total applications, a rise from the 72.8 percent reported the week before — while the purchase index declined 11.2. The volume of conventional purchase mortgage applications slipped 11.3 percent, while the volume of government purchase applications — FHA activity — fell 10.9 percent."