By Vicki Needham - 11/24/10 09:06 PM EST
The four-week moving average for the seasonally adjusted market index is down 3.2 percent, while the purchase index is up 4 percent and the average is down 4.8 percent for the refinance index.
The refinance share of mortgage activity decreased to 78.6 percent of total applications from 80.3 percent the previous week.
The average rate on a 30-year fixed mortgage increased 4.5 percent from 4.46 percent last week.
The average rate on a 15-year fixed loan decreased to 3.83 percent from 3.87 percent.