US MBA mortgage applications w.e. 27 June +2.7% vs +1.1% prior ...Middle East

Prior +1.1%Market index 256.5 vs 250.8 priorPurchase index 165.3 vs 165.2 priorRefinance index 759.4 vs 713.4 prior30-year mortgage rate 6.79% vs 6.88% prior

Mortgage applications picked up slightly in the past week, helped mostly be refinancing activity. The market is still facing a testing time amid higher rates but at least that is seen cooling off a bit in the past month or so.

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

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