• Prior +7.2%
• Market index 209.8 vs 208.8 prior
• Purchase index 165.6 vs 163.2 prior
• Refinance index 425.1 vs 434.1 prior
• 30-year mortgage rate 6.73% vs 6.77% prior

There was just a slight increase in mortgage activity in the past week, with the increase in purchases helping to offset a decline in refinancing. Overall, housing market conditions are still struggling and with the Fed still holding the higher for longer conviction, it’s tough to see things changing.

This article was written by Justin Low at www.forexlive.com.