The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. edged down 0.1 percent in the week ended June 28, following a 1.3 percent rise in the previous week.

According to the report, refinance applications dropped 1.2 percent, while applications to purchase a home climbed 1.1 percent.

Meanwhile, the average fixed 30-year mortgage rate increased to 4.07 percent from 4.06 percent.

“In a week of mixed mortgage rate movements across the various loan types, the 30-year fixed rate finished slightly higher than last week, but was still close to lows last seen in 2016,” said Joel Kan, an MBA economist.

“A still-strong job market, improving affordability and lower mortgage rates continue to support growth,” added Kan.