US MBA mortgage applications w.e. 31 October -1.9% vs +7.1% prior

• Market index 332.3 vs 338.7 prior
• Purchase index 163.3 vs 164.3 prior
• Refinance index 1290.8 vs 1327.8 prior
• 30-year mortgage rate 6.31% vs 6.30% 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.