US MBA mortgage applications w.e. 4 July +9.4% vs +2.7% prior ...Middle East

Market index 281.6 vs 257.5 priorPurchase index 180.9 vs 165.3 priorRefinance index 829.3 vs 759.7 prior30-year mortgage rate 6.77% vs 6.79% prior

This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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