April 29 (Reuters) – U.S. mortgage rates rose last week for the first time in a month, ?with the average 30-year fixed-rate mortgage up 2 basis ?points to 6.37% for the week ended April 24, the Mortgage Bankers Association said on Wednesday.

Mortgage applications dropped 1.6% from a week earlier, ?driven by a 4% decline in refinancing, the MBA ?said.