- Prior +1.1%
- Market index 238.5 vs 251.2 prior
- Purchase index 157.8 vs 166.5 prior
- Refinance index 682.5 vs 718.1 prior
- 30-year mortgage rate 6.92% vs 6.86% prior
This is never a market moving release. Of course, as long term interest rates rise, mortgage applications fall. The mortgage market index and the US30Y yield are inversely correlated.
