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Mortgage applications rise on refinancing surge

Building on the huge momentum two weeks ago, mortgage application volume jumped further last week, up 14.2 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association (MBA).

Home Refinancing Soars as mortgage loan Rates Plunge

The Mortgage Bankers Association's most recent report on mortgage applications noted a week-over-week increase of 49.1% in its seasonally adjusted composite index for the week ending January 9.

Mortgage applications spike

A sharp drop in rates, combined with lower costs for the most popular mortgage products, sent mortgage applications soaring.