By Diana Olick | CNBC
A sign offering mortgage help at a Bank of America branch, New York City.
Mortgage rates didn’t move at all last week, but more borrowers made applications to refinance their home loans.
A weekly measure of loan volume by the Mortgage Bankers Association showed a 2.4 percent gain in total applications week-to-week, with a 4 percent jump in refinances leading the charge.
Refinancing has been languishing for more than a year, after rates jumped a full percentage point in the spring of 2013. Refinance application volume is still down over 40 percent from a year ago, despite slightly lower rates currently.
