US MBA mortgage applications w.e. 29 April +2.5% vs -8.3% prior

• Prior -8.3%

• Market index 351.8 vs 343.1 prior
• Purchase index 244.4 vs 234.7 prior
• Refinancing index 932.3 vs 930.7 prior
• 30-year mortgage rate 5.36% vs 5.37% prior

Mortgage activity in the US saw a bit of a rise in the past week but it doesn't take away from the sharp declining trend amid the surge in rates since the turn of the year. The 30-year mortgage rate is seen moderating as yields also stall somewhat ahead of the Fed but alongside higher house prices in general, this still sends some mixed signals about the housing market.

US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term