The Mortgage Bankers Association (MBA) reported that mortgage loan applicants rose 2.2% last week after mortgage rates fell.
The number of people applying for refinance loans rose 2% last week, but is down 86% from a year ago.
The number of applicants for home equity loans rose 3% last week, but fell 41% from a year earlier.
The average interest rate on 30-year fixed-rate mortgages with conforming loan balances of $647,200 or less fell to 6.67% from 6.90% the previous week.