US MBA mortgage applications w.e. 4 July +9.4% vs +2.7% prior
- Market index 281.6 vs 257.5 prior
- Purchase index 180.9 vs 165.3 prior
- Refinance index 829.3 vs 759.7 prior
- 30-year mortgage rate 6.77% vs 6.79% 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.
