According to the U.S. Mortgage Bankers Association (MBA), the number of mortgage applicants rose 3.8% last week. The mortgage interest rate also rose.
The number of people applying for refinance loans rose 10% last week, but fell 83% from the same period last year.
The number of applicants for home equity loans rose 1% last week, but fell 30% from the same period last year.
The average interest rate on 30-year fixed-rate mortgages for loans up to $647,200 rose to 6.25% from 6.01% the previous week.