US MBA mortgage applications w.e. 14 September +1.6% vs -1.8% prior

Author: Justin Low | Category: News

Latest data from the Mortgage Bankers Association for the week ending 14 September

  • Purchase index 234.2 vs 233.5 prior
  • Market index 342.7 vs 337.4 prior
  • Refinancing index 917.1 vs 884.3 prior
  • 30-year mortgage rate 4.88% vs 4.84% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week. A rise in mortgage activity over the past week, very much highlighting that last week's dip wast mostly a one-off. Of note, the 30-year mortgage rate rose to its highest level since April 2011. Not a release that will move markets though.

EUR/USD still sits just under 1.1700 currently at 1.1695 while GBP/USD retraces some of its earlier gains but stays underpinned at 1.3185. USD/JPY remains rather flat at 112.40 at the moment.

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