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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 dipped a seasonally adjusted -0.6% in composite terms last week. Composite levels have held around 45% of pre-pandemic averages in recent weeks.
- The report was very similar to the prior week’s, with refis (-1.6%) falling whilst purchases (-0.1%) were broadly unchanged.
- The 30Y conforming rate dipped just 2bps to 6.91%. It’s close to the middle of its 6.71-7.06% range seen since mid-Dec.
- The conforming to jumbo spread meanwhile ticked a little higher to -15bps, its highest since mid-Feb but it’s still on the low side compared to recent years.
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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