The number of mortgage applications rose 2.8 percent last week on a seasonally adjusted basis compared to the previous week. On an unadjusted basis, applications were up 19.1 percent compared with the same week a year ago.

The refinance share of mortgage activity increased slightly from 46.1 percent to 46.2 percent.

The average interest rate for 30-year fixed-rate mortgages decreased to 6.03 percent from 6.04 percent.

The average interest rate for 15-year fixed-rate mortgages increased to 5.78 from 5.73 percent.

The average interest rate for one-year ARMs increased to 5.86 from 5.79 percent.

— REALTOR® Magazine Online