US MBA mortgage applications w.e. 4 July +9.4% vs +2.7% prior

Forex Short News
  • Market index 281.6 vs 257.5 prior
  • Purchase index 180.9 vs 165.3 prior
  • Refinance index 829.3 vs 759.7 prior
  • 30-year mortgage rate 6.77% vs 6.79% prior

This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates.

This article was written by Giuseppe Dellamotta at www.forexlive.com.