US MBA mortgage applications w.e. 5 September +9.2% vs -1.2% prior

• Market index 297.7 vs 272.5 prior
• Purchase index 169.1 vs 158.7 prior
• Refinance index 1012.4 vs 902.5 prior
• 30-year mortgage rate 6.49% vs 6.64% 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.