US MBA mortgage applications w.e. 19 July -2.2% vs +3.9% prior
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- Prior +3.9%
- Market index 209.3 vs 214.1 prior
- Purchase index 134.8 vs 140.4 prior
- Refinance index 614.9 vs 613.0 prior
- 30-year mortgage rate 6.82% vs 6.87% prior
Mortgage applications fell back in the past week with a drop in purchases activity offsetting a marginal increase in refinancing activity. Overall, it still points to a more subdued sentiment in the US housing market.
This article was written by Justin Low at www.forexlive.com.
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