US MBA mortgage applications w.e. 25 April -4.2% vs -12.7% prior
- Prior -12.7%
- Market index 223.7 vs 233.5 prior
- Purchase index 146.6 vs 153.4 prior
- Refinance index 649.0 vs 673.6 prior
- 30-year mortgage rate 6.89% vs 6.90% prior
This is never a market moving release. Of course, as long term interest rates rise, mortgage applications fall. The mortgage market index and the US30Y yield are inversely correlated.
