The rate on a 30-year fixed refinance fell to 6.55% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.43%, and for 20-year mortgages, the average is 6.

Mortgage rates fell last week on the back of reports of a weakening job market. Homeowners jumped on the opportunity, driving up demand for refinances. The 30-year fixed-rate mortgage fell 10 basis points, to its lowest since March, as economic data indicated weakness in the U.S. economy, particularly in the labor market.

Various types of home loans are seeing an increase in applications on the heels of mortgage rates inching lower.