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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 composite mortgage applications fell -2.3% last week, with both purchases (-2.5%) and refis (-2.1%) moving back in sync after some particularly large discrepancies in recent weeks.
- The 30Y conforming mortgage rate increased 7bps to 6.87%, breaking out of the 6.71-6.83% range seen since mid-December but still 100bps lower than late October highs.
- The latest report does little to change the trend: mortgage applications have increased 18% since end-2023 lows, led by a 37% increase for refis vs 6% for purchase applications.
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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