US MBA mortgage applications -7.3% vs 4.2% prior

US MBA mortgage market data week ending 16 September 2016

  • Mortgage index 530.8 vs 572.9 prior

  • Purchase index 221.1 vs 237.3 prior

  • Refi index 2309.6 vs 2500.5 prior

  • 30yr mortgage rate 3.70% vs 3.67%

As housing starts and permits showed yesterday, the housing market is steady and there's been no red flags from the MBA data.

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