Demand for refis up

Purchase loan applications flat

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Applications for refinancings were up 7.2 percent while demand for purchase loans was essentially flat, rising 0.9 percnet for the week ending July 31, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey.

Overall, mortgage applications were up 4.4 percent on a seasonally adjusted basis from a week earlier, the MBA said.