Free Trial
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 30Y mortgage rates for last week confirm the increase to post-2002 highs seen in Freddie Mac rates, rising 13bp to 6.94% and clearing 2006 prior highs.
- Another 4% drop in purchase mortgage applications leaves them less than 10% above 2010-14 lows, similar to yesterday’s slide in the NAHB homebuilder sentiment to 2012 lows when looking through pandemic depths.
- It goes further than that though as moving below the Dec 26, 2014 low would see applications at late 1990 levels.
MBA 30Y mortgage rate (white), Freddie Mac (yellow), 10Y Tsy (pink), MBA 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok