US MBA mortgage applications w.e. 14 June +0.9% vs +15.6% prior

• Prior +15.6%
• Market index 210.4 vs 208.5 prior
• Purchase index 146.0 vs 143.7 prior
• Refinance index 552.7 vs 554.7 prior
• 30-year mortgage rate 6.94% vs 7.02% prior

Mortgage applications nudged a little higher in the past week, helped by a further jump in purchase activity. That is offset by a decline in refinancing activity, following the surge higher in that space in the week before. Here’s the trend in the market index:

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