Industry News
Mortgage Industry News
MBA Weekly Mortgage Applications Increase
04/12/2017
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Treasury prices are edging slightly higher this morning as a mix of economic data from overseas left yesterday’s rally intact. The US economic calendar begins to ramp up today with data on Import and Export Prices and Petroleum Inventories. Import prices dipped -0.25%, which was in-line with forecasts but Export Prices increased slightly more than forecasts with +0.2% increase vs +0.1% est. The Weekly MBA Mortgage Applications Index showed an overall increase in activity of +1.5%. Purchases lead the way with a +3.0% increase while refinance activity was unchanged. Currently, the 10yr yield is at 2.286%.
