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Mortgage rates were mixed, with fixed rates falling for a third week in a row and adjustables rising for the second week in a row.
The average 30-year fixed-rate mortgage fell 5 basis points, to 6.55 percent. A basis point is one-hundredth of a percentage point.
The average 15-year fixed -- a popular option for refinancing -- fell 5 basis points, to 6.09 percent. The average jumbo 30-year fixed fell 9 basis points, to 7.52 percent.
The one-year adjustable-rate mortgage rose 15 basis points, to 6.43 percent. The popular 5/1 ARM rose 2 basis points, to 6.29 percent.
Mortgage applications rose for the week ending Aug. 29, according to the Mortgage Bankers Association. Application activity was up a seasonally adjusted 7.5 percent from a week earlier.
Refinancing activity increased by 2.1 percent, while applications for new purchases went up 10.5 percent.
-- Holden Lewis
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This week: Sept. 4 - Sept. 10 
