US MBA mortgage applications w.e. 27 October -2.1% vs -1.0% prior

<ul><li>Prior -1.0%</li><li>Market index 161.8 vs 165.2 prior</li><li>Purchase index 125.2 vs 127.0 prior</li><li>Refinance index 341.7 vs 354.0 prior</li><li>30-year mortgage rate 7.86% vs 7.90% prior</li></ul><p>Once again, mortgage activity in the US fell declined in the past week with both purchases and refinancing also falling. This comes as the average rate of the most popular US home loan cools slightly by 4 bps to 7.86%, from its highest since September 2000 in the week before.</p>

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