US MBA mortgage applications w.e. 21 February -1.2% vs -6.6% prior ...Middle East

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Prior -1.2%Market index 212.3 vs 214.9 priorPurchase index 144.3 vs 144.0 priorRefinance index 572.5 vs 593.6 prior30-year mortgage rate 6.88% vs 6.93% prior

Mortgage applications fell again in the past week, owing mostly to a decline in refinancing activity. The start of the year pick up is now fading and we're settling back into a more subdued environment again for the housing market.

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

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