US MBA mortgage applications w.e. 8 August +10.9% vs +3.1% prior

Forex Short News
  • Market index 281.1 vs 253.4 prior
  • Purchase index 160.2 vs 158.0 prior
  • Refinance index 956.2 vs 777.4 prior
  • 30-year mortgage rate 6.67% vs 6.77% 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 investinglive.com.