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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 mortgage applications saw an unusually mixed week to Jul 14, with composite applications rising 1.1% but with refis +7% and purchases -1%.
- It came as the 30-year conforming mortgage rate fell 20bps to 6.87% after last week’s 7.07% came within 9bps of the Oct’22 high that was otherwise the highest since 2001.
- The level of purchase applications continues to broadly trend sideways, close to lows since the late 1990s.
MBA 30y conforming rate (white), US 10Y yield (pink), spread (red) and levelof purchase applicationsSource: 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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