US MBA mortgage applications w.e. 31 October -1.9% vs +7.1% prior

Forex Short News
  • Market index 332.3 vs 338.7 prior
  • Purchase index 163.3 vs 164.3 prior
  • Refinance index 1290.8 vs 1327.8 prior
  • 30-year mortgage rate 6.31% vs 6.30% 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.