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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
- The average 30Y MBA mortgage rate jumped 27bp to 6.52% last week, for a new high since Aug’08 and not that far off 2006 highs of 6.86%, following recent moves higher in Treasury yields.
- Recent increases have led the more-timely Freddie Mac 30Y rate, whilst composite mortgage applications resume their downtrend after a surprise pick-up the prior week, likely further intensifying the decline in home sales despite yesterday's surprise surge in new home sales back in August.
30Y mortgage rates for MBA (white), Freddie Mac (yellow) and 10Y Tsy yield (pink). Spread to MBA 30 and 10YY bottom panel. 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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