Mortgage App Volume Ticks Up as Interest Rates Inch Down

 Bolstered by a week-to-week drop in interest rates, mortgage loan application volume jumped 7.6 percent for the week ending July 16, 2010, the Mortgage Bankers Association (MBA) reported Wednesday. According to MBA’s Weekly Mortgage Applications Survey, the uptick in overall mortgage application volume came as both purchase and refinance activity increased from one week to the next.

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