The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. rose 2.9 percent in the week ended September 4, following a 2.0 percent decrease in the previous week. That was the first weekly increase since the week ended August 7.

According to the report, refinance applications jumped 3.0 percent, while applications to purchase a home grew 2.6 percent.

Meanwhile, the average fixed 30-year mortgage rate edged down to 3.07 percent from 3.08 percent.

“There continues to be resiliency in the purchase market,” noted Joel Kan, an MBA economist. “The average loan size continued to increase, hitting a survey high at $368,600. Highlighting the strong overall demand for buying a home, conventional, VA and FHA purchase applications all increased last week.”