Mortgage Bankers Association (MBA)

The national median payment applied for by purchase applicants increased 2.3% to $1,964 in January.

Volume decreased 13.3% in MBA weekly survey, the third decline in four weeks.

Increase attributed to seasonal patterns and lower mortgage rates.

Delinquency rate increased 51 basis points, but is still below the rate from a year earlier.

Purchase and refinance loans both fell as mortgage rates increased across the board.

MBA says mortgage credit decreases even as rates are forecast to decline.