US MBA mortgage applications w.e. 22 January -4.1% vs -1.9% prior

Latest data from the Mortgage Bankers Association for the week ending 22 January 2021
–  -1.9%
– Market index 907.6 vs 946.8 prior
– Refinancing index 4,261.5 vs 4,484.2 prior
The drop here stems from a decline in purchases and refinancing activity in the past week, but comes on the back of a two weeks back. As such,