US MBA mortgage applications w.e. 17 January +0.1% vs +33.3% prior

• Prior +33.3%
• Market index 224.6 vs 224.4 prior
• Purchase index 163.0 vs 162.0 prior
• Refinance index 558.8 vs 575.6 prior
• 30-year mortgage rate 7.02% vs 7.09% prior

After the rebound in activity in the previous reporting week following the holiday period, mortgage applications were little changed in the past week. It comes as purchases activity climbed a little, offsetting a slight drop in refinancing activity. The average interest rate of the most popular US home loan continues to sit above 7% though. Pain.

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