US MBA mortgage applications w.e. 21 July -1.8% vs +1.1% prior

<ul><li>Prior +1.1%</li><li>Market index 206.9 vs 210.7 prior</li><li>Purchase index 159.2 vs 163.2 prior</li><li>Refinance index 444.5 vs 446.4 prior</li><li>30-year mortgage rate 6.87% vs 6.87% prior</li></ul><p>Mortgage applications fell in the past week with both purchases and refinancing activity showing declines. The overall market remains rather subdued after the drop in sentiment since last year, as the Fed's tightening policy weighs on housing conditions.</p>

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