US MBA mortgage applications w.e. 15 September +5.4% vs -0.8% prior

<ul><li>Prior -0.8%</li><li>Market index 192.1 vs 182.2 prior</li><li>Purchase index 147.0 vs 143.7 prior</li><li>Refinance index 415.4 vs 367.0 prior</li><li>30-year mortgage rate 7.31% vs 7.27% prior</li></ul><p>Despite a further rise in the average rate of the most popular US home loan, mortgage applications rose in the past week – largely helped out by a big jump in refinancing activity. Purchases were also higher but very slightly, though the overall picture remains rather subdued against the backdrop of higher interest rates for now.</p>

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