US MBA mortgage applications w.e. 6 October +0.6% vs -6.0% prior

<ul><li>Prior -6.0%</li><li>Market index 179.3 vs 178.2 prior</li><li>Purchase index 137.5 vs 136.6 prior</li><li>Refinance index 385.8 vs 384.6 prior</li><li>30-year mortgage rate 7.67% vs 7.53% prior</li></ul><p>After a sharp drop in mortgage applications in the week before, there is a mild bounce back in activity with both purchases and refinancing ticking a touch higher. The drop in rates this week will be welcome, after another 14 bps rise in the average rate of the most popular US home loan last week.</p>

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