Mortgage application volume rises.

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WASHINGTON - Mortgage application volume increased 3 percent during the week ending Feb. 1, according to the trade group Mortgage Bankers Association's weekly application survey.
The MBA's application index rose to 1,086.6 during the week from 1,054.9 the previous week.
Application volume was pushed higher by a 12 percent jump in purchase applications. Refinance volume fell 1 percent, and accounted for 69.2 percent of all mortgage applications.

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