MBA Mortgage Applications in the United States, released by the Mortgage Bankers Association, dropped 1% in the week ending October 20. In the previou
s week, United States MBA Mortgage Applications had fallen 6.9%. What is the United States MBA Mortgage Applications? The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Normally, a high reading is seen as positive for the USD, while a low reading is seen as negative .
US Dollar was the weakest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD 0.19% 0.32% 0.26% 0.35% 0.04% 0.46% 0.30% EUR -0.19% 0.13% 0.07% 0.18% -0.15% 0.28% 0.10% GBP -0.30% -0.12% -0.05% 0.05% -0.27% 0.14% -0.02% CAD -0.26% -0.06% 0.06% 0.11% -0.21% 0.21% 0.04% AUD -0.35% -0.16% -0.04% -0.09% -0.31% 0.09% -0.07% JPY -0.05% 0.16% 0.27% 0.19% 0.31% 0.41% 0.25% NZD -0.45% -0.27% -0.15% -0.20% -0.10% -0.41% -0.16% CHF -0.29% -0.09% 0.03% -0.03% 0.07% -0.25% 0.
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