Mortgage applications declined 6.4% in the week ended Feb. 8, as the refinance index dropped 6% and the purchase index fell 10%, according to data from the Mortgage Bankers Association's weekly mortgage applications survey.

Refinances remained 78% of total applications, and HARPs accounted for 28% of refinances, unchanged from the week before. Adjustable-rate mortgages rose to 4% of volume.

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