Mortgage application volume grew 4.5% in the week ended November 30, as refinances jumped 6% and the purchase index inched up 0.1%, according to the Mortgage Bankers Association's weekly mortgage applications survey.
The results include an adjustment for Thanksgiving.
Refinances gained to 83% of the market from 81% the week before, while 27% were HARP applications, up a percentage point from the previous week. Adjustable-rate mortgages dipped to a 3% share of the market.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) dipped to 3.52%, matching the record low, from 3.53%.
The average 15-year fixed-rate mortgage dropped to 2.86%, its lowest ever, from 2.89%.