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 mortgage applications increased 2.8% last week, owing to a strong bounce in refis (+13.9% after -8.9%) whilst purchases dipped -0.3% after +4.7% and a string of solid increases.
- The 30Y conforming mortgage rate fell a further 20bps to 7.17%, it’s lowest since August along with the pullback in long-end Treasury yields.
- Since the trough in seasonally adjusted mortgage activity seen shortly after the October peak of 7.9%, purchase applications have increased 15% vs refis 9%. It sees composite applications up 12%, but still only a third of 2019 averages.
- The spread of the regular conforming rate to jumbo loan rates consolidated the prior week’s further decline, and at -18bps is the lowest since Jan’21 in a potential sign of tightening credit conditions.
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