Demand for refis, purchase loans up

Adjustments made for holiday-shortened week

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Applications for mortgage refinancings jumped 15.2 percent and demand for purchase loans was up 6.7 percent the week ending July 3 after adjusting for the Independence Day holiday, the Mortgage Bankers Association said.

Total application volume for both types of loans was up a seasonally adjusted 10.9 percent from the previous week and 7.2 percent from a year ago on a non-adjusted basis.