• Prior -6.3%
• Market index 276.0 vs 281.1 prior
• Purchase index 206.4 vs 208.0 prior
• Refinancing index 631.4 vs 655.7 prior
• 30-year mortgage rate 5.74% vs 5.82% prior

Mortgage activity continues to decline with both purchases and refinances falling once again. Housing market sentiment isn’t looking good and that may be a spot that the Fed needs to watch in the months ahead.

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