• Prior -5.7%
• Market index 180.4 vs 190.3 prior
• Purchase index 132.3 vs 138.4 prior
• Refinance index 432.1 vs 463.8 prior
• 30-year mortgage rate 7.07% vs 7.05% prior

That’s another soft reading as the recent rebound in mortgage activity has all but faded now. The latest drop in the market index brings it to the lowest since the end of February.

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