• Prior +1.1%
  • Market index 238.5 vs 251.2 prior
  • Purchase index 157.8 vs 166.5 prior
  • Refinance index 682.5 vs 718.1 prior
  • 30-year mortgage rate 6.92% vs 6.86% 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.

US MBA Mortgage Market Index
Source: Forex Live