According to The Mortgage Bankers Association’s Weekly Applications Survey, loan application volume rose 2.7 percent last week. Both the Refinance and Purchase Index also increased 2.7 percent from the previous week and the four week moving average for total mortgage loan application volume was up 2.5 percent. The average contract interest rate for 30-year fixed-rate mortgages moved to 4.80 percent from 4.79 percent the week before. More here and here.