US MBA Mortgage applications -1.8% vs 1.5% prior

• Mortgage market index 395.6 vs 402.9 prior
• Purchase index 238.3 vs 246.7 prior
• Refi index 1274.5 vs 1272.3 prior
• 30yr mortgage rate 4.22% vs 4.28% prior

Purchases undo all the good work they did the prior week. We're still in sideways mode in this housing indicator and that's largely reflected in the main numbers too.