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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 seasonally adjusted 2.3% last week after declining 2.7% the week prior.
- Refis continue to lead the way lower (-3.3% after -5.6%) although purchase applications are also falling (-1.7% after -1.0%).
- The 30Y conforming rate increased a further 5bps to 7.29%, having increased 38bps over the month to its highest level since late November.
- Overall mortgage applications have only dropped 2% over that period although remain depressed at less than 50% of 2019 levels.
- The jumbo rate meanwhile fell 6bps, which saw the conforming-jumbo spread narrow further to -10bps, reversing a relative tightening when it slipped to lows of -27bps two weeks ago.
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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