Purchase applications for home mortgages rose a seasonally adjusted 3 percent in the June 30 week, while applications for refinancing fell 0.4 percent. The unadjusted purchase index was up 3 percent from the prior week and 6 percent above the level in the same week a year ago. The refinancing share of mortgage activity fell 0.7 percentage points to 44.9 percent. Mortgage rates rose in the week, with the average interest rate on 30-year fixed rate conforming mortgages ($424,000 or less) up 7 basis points to 4.20 percent, the highest level since May. The increase in purchase applications despite a rise in interest rates points to continuation in June of the of the housing market's revived strength shown in the existing home and new home sales reports for May.