Mortgage applications decreased 13.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 13, 2015.

The NON seasonally adjusted Purchase Index decreased 2 percent from one week earlier and are at the same level as one year ago.

The seasonally adjusted Purchase Index decreased 7 percent from one week earlier. And mortgage purchase applications are down 66 percent since October 2004.

The Refinance Index decreased 16 percent from the previous week thanks to an increase in the 30 year mortgage rate,