US MBA mortgage functions w.e. 20 June +1.1% vs -2.6% prior

• Market index 250.8 vs 248.1 prior
• Purchase index 165.2 vs 248.1 prior
• Refinance index 713.4 vs 692.4 prior
• 30-year mortgage rate 6.88% vs 6.84% 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 www.forexlive.com.