Mortgage applications were up a little over 3 percent last week.

The average fixed 30 year mortgage averaged about 5.68 percent, amid talk that rates are about to start going up, albeit slow. A week job's report helped keep rates low last week.

Refinancing has continued its downward trend.

Use of adjustable rate mortgages was up last week, as more buyers seek creative ways of being able to afford to buy a home.