US MBA mortgage applications w.e. 8 December +7.4% vs +2.8% prior

<ul><li>Prior +2.8%</li><li>Market index 194.5 vs 181.1 prior</li><li>Purchase index 149.6 vs 144.5 prior</li><li>Refinance index 445.8 vs 373.3 prior</li><li>30-year mortgage rate 7.07% vs 7.17% prior</li></ul><p>As rates continue to fall lower, mortgage applications moved higher with yet another solid rebound in the past week. The chunk of it was driven by refinancing activity but purchases also showed a modest increase as well.</p>

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