Mortgage application volume is still nearly 14 percent below year-ago levels because of weaker refinancing.
By Diana Olick | CNBC
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.
The gains are slow and small, but mortgage volume is beginning to improve again, as more homebuyers sign on the dotted line.
Total mortgage application volume increased 2.4 percent on a seasonally adjusted basis last week from the previous week. Volume is still nearly 14 percent below year-ago levels because of weaker refinancing, according to the Mortgage Bankers Association.
Even as buyers complain of high home prices and limited listings, mortgage applications to purchase a home gained 2 percent for the week and are 6 percent higher than a year ago.
