US MBA mortgage applications w.e. 30 October +3.8% vs +1.7% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 30 October 2020
–  +1.7%
– Market index 838.2 vs 807.8 prior
– Purchase index 301.2 vs 305.2 prior
The bulk of the surge last week was due to a jump in refinancing activity as purchases slowed down once again. Overall, this still points to the housing market

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The market is at least guaranteed one battle will continue once the election is out of the way 0 (0)

Regardless of who wins the White House, the battle between COVID-19 and central banks will still continue
Even though the election race may still prove to be too close to call, the market can at least bet that there are two things they can count on once this is over and done with.

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