<ul><li>Prior -3.7%</li><li>Market index 258.1 vs 260.1 prior</li><li>Purchase index 197.8 vs 199.1 prior</li><li>Refinancing index 556.4 vs 562.5 prior</li><li>30-year mortgage rate 5.94% vs 5.80%</li></ul><p style=““ class=“text-align-justify“>Another week, another continued slump in mortgage activity as the average rate on the most popular mortgage tenor rises to its highest since mid-June, amid a spike in bond yields as well in the past week. The data here continues to point towards a worsening trend in the housing market so that it is still something to be wary about.</p>

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