US MBA mortgage applications w.e. 13 December -0.7% vs +5.4% prior

• Prior +5.4%
• Market index 224.0 vs 225.5 prior
• Purchase index 157.1 vs 154.9 prior
• Refinance index 617.5 vs 634.0 prior
• 30-year mortgage rate 6.75% vs 6.67% prior

Overall mortgage applications fell in the past week but there is a mixed showing. Purchases activity were higher, recovering from the setback in the week prior but refinancing activity fell after the big surge seen in the first week of December here.

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