• Prior -8.8%
• Market index 216.9 vs 209.2 prior
• Purchase index 169.1 vs 161.6 prior
• Refinance index 457.6 vs 449.8 prior
• 30-year mortgage rate 6.55% vs 6.43% prior

Despite higher rates in the past week, US mortgage activity picked up slightly after a sharp fall in the week before that. Both purchases and refinancing were higher but overall, the levels are still very low following the massive slump last year.

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