• Prior -1.2%
• Market index 212.3 vs 214.9 prior
• Purchase index 144.3 vs 144.0 prior
• Refinance index 572.5 vs 593.6 prior
• 30-year mortgage rate 6.88% vs 6.93% prior

Mortgage applications fell again in the past week, owing mostly to a decline in refinancing activity. The start of the year pick up is now fading and we’re settling back into a more subdued environment again for the housing market.

This article was written by Justin Low at www.forexlive.com.