US MBA mortgage applications w.e. 24 February -5.7% vs -13.3% prior | Forexlive

• Prior -13.3%
• Market index 188.5 vs 199.8 prior
• Purchase index 138.8 vs 147.1 prior
• Refinance index 444.0 vs 469.9 prior
• 30-year mortgage rate 6.71% vs 6.62% prior

US mortgage applications continue to fall sharply as the average interest rate of the most popular US home loan rises up to its highest level since November last week. The higher rates continue to weigh on housing market sentiment, with further declines seen in both purchases and refinancing activity.