Mortgage applications fell 3.6% to 658.1 for the week ended Jan. 21. On a seasonally adjusted basis, the MBA’s purchase index fell 2.0% to 439.0. The MBA’s seasonally adjusted index of refinancing applications declined 5.7% to 1,932.8.
Fixed 30-year mortgage rates fell to 5.58% from 5.64% in the previous week, the lowest level since the week ended Oct 15, 2004.