US MBA mortgage applications w.e. 10 February -7.7% vs +7.4% prior | Forexlive

• Prior +7.4%
• Market index 230.4 vs 249.5 prior
• Purchase index 179.6 vs 190.0 prior
• Refinance index 480.5 vs 549.3 prior
• 30-year mortgage rate 6.39% vs 6.18% prior

The volatile swings in US mortgage activity continues in the past two months, with a notable jump in the preferred mortgage rate not really helping with sentiment. Both purchases and refinancing activity declined in the past week, with the latter falling considerably.