US MBA mortgage applications w.e. 13 June -2.6% vs +12.5% prior

• Market index 248.1 vs 254.6 prior
• Purchase index 165.8 vs 170.9 prior
• Refinance index 692.4 vs 707.4 prior
• 30-year mortgage rate 6.84% vs 6.93% 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 www.forexlive.com.