US mortgage application, after plunging to seven-month low last week, rose this week with average 30-year mortgage rates unchanged, data from an industry group showed on Wednesday.

The Mortgage Bankers Association’s total loan applications index jumped to a seasonally adjusted 10.9 percent to 493.1 on a week-to-week basis in the week ended July 3, after falling to its November low last week. The report accounted for the July 4 observance of Independence Day holiday.

Refinancing applications bounced back 15.2 percent for the week to 1,707.7 while purchase applications also moved up to a seasonally adjusted 6.7 percent to 285.6 according to the MBA’s survey.

On an annual basis, total application volume was up 7.2 percent compared to the same week last year.

The four-week moving average for all mortgages fell to a seasonally adjusted 5.6 percent. The purchase index increased 1.4 percent and the refinance index dropped 10.9 percent.

According to the survey, the average 30-year mortgage rate stayed unchanged at 5.34 percent last week. That was up from the record low 4.61 percent set in late March, based on MBA data, but way below 7.04 percent in the same week in 2008.

Refinancing applications comprised 48.4 percent of all mortgage activity, up from 46.4 percent the previous week.