Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% during the week ending Sept. 6, according to the Mortgage Bankers Association (MBA).

The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased 1% from the previous week and was 106% higher than the same week a year ago. The seasonally adjusted purchase index increased 2% from a week earlier. 

“Mortgage rates declined for the sixth consecutive week, with the 30-year fixed rate decreasing to 6.29%, the lowest rate details ⇒

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