US mortgage market data week ending 22 July 2016

  • Index 545.8 vs 614.3

  • Purchase index 222.2 vs 229.9 prior

  • Refi index 2415.5 vs 2843.7 prior

  • 30yr mortgage rate 3.69% vs 3.65% prior

A sizeable drop in applications but they be fairly volatile. The rest of the data doesn't show anything bad.