Prior +1.1%Market index 238.5 vs 251.2 priorPurchase index 157.8 vs 166.5 priorRefinance index 682.5 vs 718.1 prior30-year mortgage rate 6.92% vs 6.86% prior
This is never a market moving release. Of course, as long term interest
rates rise, mortgage applications fall. The mortgage market index and
the US30Y yield are inversely correlated.
This article was written by Giuseppe Dellamotta at www.forexlive.com.