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US MBA Mortgage Applications US May 13 -11.0% vs +2.0% prior


  • Market index 319.4 vs. 358.9 before
  • Buy index 225.0 vs. 255.4 before
  • Refinancing index 826.9 vs 913.6 before
  • 30-year mortgage rate 5.49% vs. 5.53% previously

US mortgage activity continues to be hit hard by rising rates, with the buy index falling to its lowest since May 2020 and the refinance index dragging to its lowest since January 2019. continues to suggest that there is an impact on the housing market, even if prices have not really cooled significantly yet. There is a story to be told from the tables below:

US MBA Mortgage Applications US May 13 -11.0% vs +2.0% prior

US MBA Mortgage Applications US May 13 -11.0% vs +2.0% prior

American dollars

American dollars

The US dollar (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most traded currency in the world. It was introduced to the United States in the late 18th century, with paper notes not being distributed until the following century. The US dollar, also known informally as the greenback, is the world’s primary reserve currency, largely due to the importance of the US economy on the world stage. Once backed by gold (in the 1900s), the USD is now a pure fiat currency, that is, not backed by a physical commodity. The old gold standard aligned with the US dollar made gold and silver legal tender in the United States, with the guarantee that 1 USD could be converted into one and a half grams of pure gold 24 carats. However, the link to gold was eventually abolished by President Richard Nixon in 1971. Since the removal of the gold standard, the US dollar has become the world’s premier reserve currency. This means that foreign nations hold large amounts of their cash reserves in USD, which accounts for approximately 65% ​​of global foreign exchange reserves. How to trade the US dollar? traded in pairs. Any retail broker offers exposure to USD in many trading pairs, given its popularity and liquidity. The USD is involved in the majority of the most traded currency pairs, such as EUR/USD, USD/JPY, GBP/USD and USD/CHF, known as the “four majors” , and “commodity pairs”. , i.e. AUD/USD, USD/CAD and NZD/USD.

The US dollar (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most traded currency in the world. It was introduced to the United States in the late 18th century, with paper notes not being distributed until the following century. The US dollar, also known informally as the greenback, is the world’s primary reserve currency, largely due to the importance of the US economy on the world stage. Once backed by gold (in the 1900s), the USD is now a pure fiat currency, that is, not backed by a physical commodity. The old gold standard aligned with the US dollar made gold and silver legal tender in the United States, with the guarantee that 1 USD could be converted into one and a half grams of pure gold 24 carats. However, the link to gold was eventually abolished by President Richard Nixon in 1971. Since the removal of the gold standard, the US dollar has become the world’s premier reserve currency. This means that foreign nations hold large amounts of their cash reserves in USD, which accounts for approximately 65% ​​of global foreign exchange reserves. How to trade the US dollar? traded in pairs. Any retail broker offers exposure to USD in many trading pairs, given its popularity and liquidity. The USD is involved in the majority of the most traded currency pairs, such as EUR/USD, USD/JPY, GBP/USD and USD/CHF, known as the “four majors” , and “commodity pairs”. , i.e. AUD/USD, USD/CAD and NZD/USD.
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