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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
- The MBA 30Y mortgage rate climbed 22bps last week to 7.16%, having in the last few weeks surpassed 2006 and now 2002 highs, leaving it close to 2001 highs.
- That’s an additional 156bp tightening from the average 5.59% through August, during which yesterday’s S&P CoreLogic prices saw the largest decline since Mar’09.
- A 2% drop in purchase mortgage applications leaves them on par with lows through 2010-14 and not far from the 26 Dec 2014 low after which they would be back at late 1990 levels.
MBA 30Y mortgage rate (white), spread to 10Y Tsys (red) and level of purchase mortgage applications (green)Source: 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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