The Market Composite Index, which measures mortgage loan application volume, rose to 465.5 in the week ending Oct. 3, the Mortgage Bankers Association said in a release Wednesday.

The Refinance Index also increased, up 0.9 percent to 1,345.8, the MBA said.

The average interest rate for 30-year, fixed-rate mortgages decreased from 6.07 percent to 5.99 percent with points falling from 1.12 to 1.09, the organization said.

Rates for the average 15-year, fixed-rate mortgage fell from 5.82 percent to 5.71 percent. Points in 15-year, fixed-rate mortgages increased from 1.11 to 1.16.

The average interest rate for one-year adjustable rate mortgages was unchanged in the week, staying at 6.6 percent with points increasing from 0.33 points to 0.37, the report said.