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United States MBA Mortgage Applications climbed from previous -1.8% to -0.3% in October 17

• Market index 316.2 vs 317.2 prior
• Purchase index 157.3 vs 166.0 prior
• Refinance index 1214.7 vs 1168.0 prior
• 30-year mortgage rate 6.37% vs 6.42% 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.

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