US MBA mortgage applications w.e. 29 Dec +0.7% vs -4.9% prior
Latest data from the Mortgage Bankers Association for the week ending 29 December 2017
- Purchase index 236.9 vs 234.3 prior
- Market index 368.6 vs 379.2 prior
- Refinancing index 1,151.9 vs 1,240.5 prior
- 30-year mortgage rate 4.25% vs 4.16% prior
Headline measures the change in number of applications for mortgages backed by the MBA during the week.
Slightly better than expected weekly housing data. Not one that's looked upon too much, but the market and refinancing indices both fell on the week.
EUR/USD trading near session lows at 1.2012. Meanwhile, USD/JPY is slightly lower on the day at 112.25. Cable also near session lows at 1.3559.