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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- MBA mortgage applications slid 8% last week (with purchases and refis by similar amounts) as the average 30Y contract rate cranked higher still.
- At 5.37%, it’s the highest rate since Aug-2009, having climbed 17bps from the previous week, 122bps in the last eight weeks and more than 200bps this year.
- Applications stand at the lowest level since 2018.
30Y mortgage rates for MBA (white) and Freddie Mac (yellow) plus MBA 30y-30Y UST spreadSource: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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