The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.03% from 3.06%. Applications for a loan to purchase a home increased 3% for the week but were 16% lower than the same week one year ago. Applications to refinance a home loan moved just 1% higher for the week and were 3% higher than the same week one year ago. People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images

After rising for three weeks, mortgage rates came back

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