US MBA Mortgage Applications: -9.8% in May 17 from -7.3%

May 22, 2013

Euro bulls warming up

Renewed optimism surrounding the shared currency plus some profit taking in the recent USD rally have drifted EUR/USD from the area of 1.2820 on Monday to the current highs in the vicinity of 1.2840/45, as...

US: MBA Mortgage Applications fell 9.8%

The Mortgage Bankers Association has informed that US citizens that applied for mortgage loans dropped 9.8% in the week ended on May 17, extending the negative momentum from the previous contraction of 7.3%...