- Prior -12.7%
- Market index 223.7 vs 233.5 prior
- Purchase index 146.6 vs 153.4 prior
- Refinance index 649.0 vs 673.6 prior
- 30-year mortgage rate 6.89% vs 6.90% prior
This is never a market moving release. Of course, as long term interest rates rise, mortgage applications fall. The mortgage market index and the US30Y yield are inversely correlated.
This article was written by Giuseppe Dellamotta at www.forexlive.com.