India, Aug. 19 -- Mortgage rates stayed unchanged last week, giving homebuyers and current homeowners little reason to contact lenders or make a move. The average rate for a 30-year fixed mortgage remained at 6.77% for loans with conforming balances of $832,750 or less, according to the Mortgage Bankers Association (MBA).

Mortgage points fell slightly to 0.65 from 0.67, including the origination fee, for borrowers making a 20% down payment, the MBA said. The steady mortgage rates also meant that overall demand for home loans barely changed last week. Total mortgage application volume fell just 0.4% from the previous week, according to the MBA's seasonally adjusted index.

Refinancing activity was one of the few areas to see an increase. ...