US MBA mortgage applications w.e. 14 November -5.2% vs +0.6% prior

• Market index 316.9 vs 334.2 prior
• Purchase index 168.7 vs 172.7 prior
• Refinance index 1156.8 vs 1247.5 prior
• 30-year mortgage rate 6.37% vs 6.34% prior

This
is never a market moving release. Mortgage applications are generally
inversely correlated to mortgage rates.

This article was written by Giuseppe Dellamotta at investinglive.com.