US MBA mortgage applications w.e. 9 March +0.9% vs +0.3% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 9 March 2018

  • Purchase index 246.5 vs 238.3 prior
  • Market index 387.4 vs 384.1 prior
  • Refinancing index 1,159.3 vs 1,185.7 prior
  • 30-year mortgage rate 4.69% vs 4.65% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week.

Nothing much of note, a minor data point. The standout data point is that the 30-year average mortgage rate rose to the highest since January 2014.

EUR/USD at 1.2374, still trading near the lows. USD/JPY at 106.50 and GBP/USD at 1.3962 currently, not much changed from before the report was released.