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US MBA mortgage purposes w.e. 15 August -1.4% vs +10.9% prior

  • Market index 277.1 vs 281.1 prior
  • Purchase index 160.3 vs 160.2 prior
  • Refinance index 926.1 vs 956.2 prior
  • 30-year mortgage rate 6.68% vs 6.67% prior

This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates.

This article was written by Giuseppe Dellamotta at investinglive.com.

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