Latest data from the Mortgage Bankers Association for the week ending 24 November 2017

  • Purchase index 244.7 vs 240.4 prior
  • Market index 390.0 vs 402.3 prior
  • Refinancing index 1,205.1 vs 1,306.1 prior
  • 30-year mortgage rate 4.20% vs 4.20% prior

Softer than expected housing data out of the US last week.

It's the first drop since 3 November. Softer data overall, but nothing too impactful. EUR/USD still hovering around 1.1843 while USD/JPY is picking up a bit again now to 111.62.