MBA: Mortgage Purchase Applications increase slightly, Refinance Applications Decline in Latest Weekly Survey

Mortgage Applications Decrease in Latest MBA Weekly Survey

The Refinance Index decreased 4 percent from the previous week and is at its lowest level since July 2011. The seasonally adjusted Purchase Index increased 1 percent from one week earlier.
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The refinance share of mortgage activity decreased to 63 percent of total applications from 64 percent the previous week and is at its lowest level since April 2011.


Housing Starts @ 8:30 Eastern Time, should be a serious Market mover one way or the other...place your bets.

10y at 2.55% and mortgage rates at 4.68%. That's a huge spread.