According to the Mortgage Bankers Associations’ Weekly Mortgage Applications Survey for the weeks ending December 24 and December 31, total application volume was down 3.9 percent the week of the Christmas holiday, then up 2.3 percent to end the year. For the week ending December 24, the seasonally adjusted Purchase Index rose 3.1 percent before falling 0.8 percent the following week. The average contract interest rate for 30 year fixed-rate mortgage also increased before falling, ending the year at 4.82 percent. More here and here.