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US MBA mortgage applications w.e. 5 July -0.2% vs -2.6% prior

Prior -2.6%Market index 206.1 vs 206.5 priorPurchase index 144.3 vs 142.9 priorRefinance index 532.3 vs 544.1 prior30-year mortgage rate 7.00% vs 7.03% prior

Mortgage applications fell marginally in the past week as a drag in refinancing activity outweighed a slight rise in purchase activity. Overall, this continues to point to a more subdued sentiment in the housing market – which has been the case over the past year or so.

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

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