US MBA mortgage applications w.e. 4 July +9.4% vs +2.7% prior

• Market index 281.6 vs 257.5 prior
• Purchase index 180.9 vs 165.3 prior
• Refinance index 829.3 vs 759.7 prior
• 30-year mortgage rate 6.77% vs 6.79% prior

This is never a market moving release. Mortgage applications are generally inversely correlated to mortgage rates.