US MBA mortgage applications w.e. 23 June +3.0% vs +0.5% prior

<ul><li>Prior +0.5%</li><li>Market index 216.1 vs 209.8 prior</li><li>Purchase index 170.3 vs 165.6 prior</li><li>Refinance index 439.2 vs 425.1 prior</li><li>30-year mortgage rate 6.75% vs 6.73% prior</li></ul><p>That's a decent bounce in mortgage applications in the past week as both purchases and refinance activities pick up a little. That said, overall conditions are still rather subdued as evidenced by the index level below:</p>

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