Mortgage applications rose 7.0% in the week ended Jan. 18, as refinances grew 8% and the purchase index increased 3%, the Mortgage Bankers Association's weekly mortgage applications survey indicated.

The purchase index hasn't been this high since May 2010, right after the homebuyer tax credit expired.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.