US MBA mortgage applications w.e. 26 April -2.3% vs -2.7% prior

• Prior -2.7%
• Market index 192.1 vs 196.7 prior
• Purchase index 141.7 vs 144.2 prior
• Refinance index 456.9 vs 472.7 prior
• 30-year mortgage rate 7.29% vs 7.24% prior

Mortgage applications continued to decline in the past week, with both purchases and refinancing activity also falling. It comes as the average rate of the most popular US home loan rises further by 5 bps to 7.29% – its highest since the end of November last year.

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