US MBA mortgage purposes w.e. 1 August +3.1% vs -3.8% prior

• Market index 253.4 vs 245.7 prior
• Purchase index 158.0 vs 155.6 prior
• Refinance index 777.4 vs 739.3 prior
• 30-year mortgage rate 6.77% vs 6.83% 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.