US MBA mortgage applications w.e. 6 September +1.4% vs +1.6% prior

• Prior +1.6%
• Market index 233.7 vs 230.5 prior
• Purchase index 138.6 vs 136.1 prior
• Refinance index 757.8 vs 751.4 prior
• 30-year mortgage rate 6.29% vs 6.43% prior

The average rate of the most popular US home loan dips further to its lowest since February last year. That comes amid a further drop in rates overall and that is helping to bolster mortgage activity as a whole. Both purchases and refinancing activities also picked up in the past week as such.

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