US MBA mortgage applications w.e. 1 September -2.9% v +2.3% prior

<ul><li>Prior +2.3%</li><li>Market index 183.6 vs 189.0 prior</li><li>Purchase index 141.9 vs 144.9 prior</li><li>Refinance index 388.1 vs 407.1 prior</li><li>30-year mortgage rate 7.21% vs 7.31% prior</li></ul><p>Mortgage applications declined once again in the past week with both purchase and refinancing activities falling. It adds to the strain in the housing market amid higher interest rates.</p>

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