US MBA mortgage applications w.e. 5 January +9.9% vs -10.7% prior

<ul><li>Prior -10.7%</li><li>Market index 190.6 vs 173.5 prior</li><li>Purchase index 148.6 vs 140.7 prior</li><li>Refinance index 425.4 vs 358.2 prior</li><li>30-year mortgage rate 6.81% vs 6.76% prior</li></ul><p>After the subdued activity during Christmas week, mortgage applications rebounded to start the new week. Both purchases and refinancing activity jumped even as rates did move up in the past week.</p>

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