US MBA mortgage functions w.e. eight August +10.9% vs +three.1% prior

• Market index 281.1 vs 253.four prior
• Buy index 160.2 vs 158.zero prior
• Refinance index 956.2 vs 777.four prior
• 30-year mortgage charge 6.67% vs 6.77% prior

That is by no means a market shifting launch. Mortgage functions are usually inversely correlated to mortgage charges.

This text was written by Giuseppe Dellamotta at investinglive.com.