• Prior +0.5%
• Market index 201.9 vs 198.1 prior
• Purchase index 140.0 vs 141.7 prior
• Refinance index 536.9 v 499.9 prior
• 30-year mortgage rate 7.01% vs 7.08% prior

Mortgage applications moved up in the past week but owed to a jump in refinancing activity. That is slightly offset by a drop in purchases activity, even as the average rate of the most popular US home loan eased further to near 7%.

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