US MBA mortgage applications w.e. 17 October -0.3% vs -1.8% prior

• Market index 316.2 vs 317.2 prior
• Purchase index 157.3 vs 166.0 prior
• Refinance index 1214.7 vs 1168.0 prior
• 30-year mortgage rate 6.37% vs 6.42% 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.