US MBA mortgage applications w.e. 29 September -6.0% vs -1.3% prior

<ul><li>Prior -1.3%</li><li>Market index 178.2 vs 189.6 prior</li><li>Purchase index 136.6 vs 144.8 prior</li><li>Refinance index 384.6 vs 411.7 prior</li><li>30-year mortgage rate 7.53% vs 7.41% prior</li></ul><p>Mortgage activity plunged further in the past week as the average rate of the most popular US home loan rises another 12 bps to 7.53% – its highest since November 2000.</p>

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