Our friends at the Mortgage Bankers Association found that for the week ending July 29, mortgage applications were up about 7.0% from the week before, likely because of falling interest rates.

The MBA’s Refinance Index was also up — 7.8% (refinances make up about 70% of the mortgage market).

Last stat: Adjustable-rate mortgages made up about 6.6% of the total, up slightly from the week before.