US MBA mortgage applications w.e. 11 July -10.0% vs +9.4% prior

Forex Short News
  • Market index 253.5 vs 281.6 prior
  • Purchase index 159.6 vs 180.9 prior
  • Refinance index 767.6 vs 829.3 prior
  • 30-year mortgage rate 6.82% 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 www.forexlive.com.