US MBA mortgage applications w.e. 10 October -1.8% vs -4.7% prior

• Market index 317.2 vs 323.1 prior
• Purchase index 166.0 vs 170.6 prior
• Refinance index 1168.0 vs 1180.2 prior
• 30-year mortgage rate 6.42% vs 6.43% 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.