• Mortgage application volume bounced back into positive territory last week, even though banks and many businesses were closed on Friday for the Independence Day Holiday. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was 2.2 percent higher on a seasonally adjusted basis, which included an adjustment for the holiday,  
  • The Refinance Index rose 0.4 percent week-over-week and was 111 percent higher than the same week one year ago.

Source: mortgagenewsdaily.com