Fixed-rate mortgage rates barely budged this week.

The average 30-year fixed-rate mortgage remained unchanged at 6.74 percent. A basis point is one-hundredth of a percentage point.

The average 15-year fixed -- a popular option for refinancing -- fell 1 basis point, to 6.26 percent. The average jumbo 30-year fixed remained unchanged at 7.68 percent.

The one-year adjustable-rate mortgage moved up 1 basis point, to 6.25 percent. The popular 5/1 ARM rose 2 basis points, to 6.34 percent.

Mortgage applications fell for the week ending Aug. 8, according to the Mortgage Bankers Association. Application activity fell a seasonally adjusted 1.5 percent from a week earlier.

Refinancing activity fell by 4.2 percent while applications for new purchases remained unchanged.

Meanwhile, a new report found that nearly 25 percent of all U.S. homes sold in the year ending June 30 went for less than the sellers' original purchase price. The real estate Web site Zillow.com conducted the study.

-- Chris Kissell

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