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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 DATA
- MBA mortgage applications fell a cumulative -9.4% (SA) over the two weeks of data released today for the holiday period, comprising of a 1.4% increase for the week to Dec 22 before a 10.7% fall for Dec 29.
- Refis have led the decline over that two-week period, falling -18.1% vs -5.4% for purchases, with the drop in refis following some very strong increases early in December.
- The 30Y conforming mortgage rate lifted 5bps in the latest week to 6.76% but is off the 6.83% seen in mid-Dec from the prior update and is currently 114bp below the 7.9% peak from late Oct.
- The spread to jumbo loans meanwhile has pulled back notably from -29bps to -10bps in a partial reversal of a particular relative tightening for the jumbo loan sector.
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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