Mortgage applications fell 0.5% to 732.3 in the week ended Feb. 11, according to the Mortgage Bankers Association. The MBA’s seasonally adjusted index of refinancing applications rose 4.1% to 2,530.1. The MBA’s purchase index slipped 4.8% to 423.3. Adjustable rate mortgages fell to 30.7% from 31.9%.

Refinancings accounted for 49.9%, up from 48.9% a week earlier.

The fixed 30-year mortgage rates rose to 5.50% from 5.48% in the previous week.