US mortgage applications jumped 11.3% last week compared with the prior week, data from the Mortgage Bankers Association showed.
The MBA attributed the rise to demand for safe-haven 30-year Treasurys amid the turmoil in equity markets. That led to a fall in yields on the bonds, and had a knock-on effect on mortgage rates which are linked to the Treasury yields.
Applications to remortgage rose 17%, while new mortgage applications were up 4%.
