Mortgage applications barely wavered and increased 0.1% for the week ending July 17, the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey found.

The refinance index dipped 1% from the previous week, while the seasonally adjusted purchase index ticked up 1% from one week earlier.

As a whole, the refinance share of mortgage activity slipped to 50.3% of total applications, down from 50.8% the previous week.

The adjustable-rate mortgage share of activity dropped to 7.3% of total applications.

The Federal Housing Administration share of total applications increased to 14.0% from 13.8% the week prior, while the U.S. Department of Veteran Affairs share of total applications jumped to 11.3%, up from 10.8%. The United States Department of Agriculture share of total applications once again remained unchanged at 0.9%.

The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances stayed unchanged at 4.23%.

In comparison, the average contract interest rate for 30-year, fixed-rate mortgages with jumbo loan balances decreased to 4.16%, down from 4.20%.

Furthermore, the average contract interest rate for 30-year fixed-rate mortgages backed by the FHA declined to 4.00% from 4.02%.

The average contract interest rate for 15-year fixed-rate mortgages stayed unchanged at 3.43%, while the average contract interest rate for 5/1 ARMs fell to 3.08% from 3.13%.