US MBA mortgage applications w.e. 21 June +0.8% vs +0.9% prior

• Prior +0.9%
• Market index 212.0 vs 210.4 prior
• Purchase index 147.8 v 146.0 prior
• Refinance index 552.4 vs 552.7 prior
• 30-year mortgage rate 6.93% vs 6.94% prior

Mortgage applications were a touch higher in the past week, with a rise in purchase activity helping to offset a marginal decline in refinancing activity. Overall, housing activity remains rather tepid at best – even if there was a significant bump in mortgage applications in the weeks before.

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