US MBA mortgage applications w.e. 22 September -1.3% vs +5.4% prior

<ul><li>Prior +5.4%</li><li>Market index 189.6 vs 192.1 prior</li><li>Purchase index 144.8 vs 147.0 prior</li><li>Refinance index 411.7 vs 415.4 prior</li><li>30-year mortgage rate 7.41% vs 7.31% prior</li></ul><p>Mortgage applications declined once again in the past week with both purchases and refinancing activity falling as the average rate of the most popular US home loan climbs up to 7.41% – its highest since December 2000.</p>

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