Mortgage application volume jumped 16.6% in the week ended Sept. 28, as refinances skyrocketed as rates continued to set record lows, according to data from the Mortgage Bankers Association's weekly mortgage applications survey.

The refinance index increased 20%, to its highest level since April 2009. The seasonally adjusted purchase index rose 4%.

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.