US MBA mortgage applications w.e. 1 December +2.8% vs +0.3% prior

<ul><li>Prior +0.3%</li><li>Market index 181.1 vs 176.1 prior</li><li>Purchase index 144.5 vs 144.9 prior</li><li>Refinance index 373.3 vs327.8 prior</li><li>30-year mortgage rate 7.17% vs 7.37% prior</li></ul><p>Mortgage applications pick up as rates fall, with the increase in the past week owing to a jump in refinancing activity – which offsets a mild drop in purchases.</p>

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