US MBA mortgage applications w.e. 10 November +2.8% vs +2.5% prior

<ul><li>Prior +2.5%</li><li>Market index 170.5 vs 165.9 prior</li><li>Purchase index 133.2 vs 129.0 prior</li><li>Refinance index 354.3 vs 347.3 prior</li><li>30-year mortgage rate 7.61% vs 7.61% prior</li></ul><p>This reflects another light bounce in mortgage applications with both purchase and refinancing activity also picking up. This comes as the average rate of the most popular US home loan sticks at 7.61% but at least is a climb down from the near 8% level in the weeks before.</p>

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