US MBA mortgage applications w.e. 14 March -6.2% vs +11.2% prior

• Prior +11.2%
• Market index 252.5 vs 269.3 prior
• Purchase index 154.7 vs 154.6 prior
• Refinance index 794.4 vs 911.3 prior
• 30-year mortgage rate 6.72% vs 6.67% prior

After the surge in the previous weeks, mortgage applications fell back in the last week owing to a drop in refinancing activity.

This article was written by Justin Low at www.forexlive.com.