Mortgage Applications Climb 1% in Week

The Mortgage Bankers Association reports its overall index of home-loan applications rose to 566.8 during the week ended July 7, led by a gain in its index of residential purchase loans.
Investor's Business Daily: REALTOR® Magazine Online
The Mortgage Bankers Association reports that its overall index of home-loan applications rose to 566.8 during the week ended July 7, led by a 2.6-percent gain in its index of residential purchase loans.

A week ago, 30-year, fixed-rate mortgages averaged 6.81 percent, rising one basis point from the previous week to approach highs that have not been seen in about four years.