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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
- FHFA house prices increased 0.35% M/M (cons 0.6) in June for its softest increase since January. It follows some mixed revisions albeit with upward revisions in the prior two months for 0.75% (initial 0.72) in May and 0.80% (initial 0.73) in April.
- S&P CoreLogic house prices didn’t show the same moderation though, rising 0.92% M/M (cons 0.80) in June after an upward revised 1.04% (initial 0.99).
- The two follow previously released price data from Freddie Mac with a 1.2% M/M increase in June after 1.4% in May.
- FHFA prices are now 3% higher than their previous peak in Jun’22 and S&P CoreLogic 20-city prices have closed the gap to their prior peak to just -1% as cities saw a slightly larger correction.
- As seen in existing home sale data, continued relatively tight supply amongst an unwillingness to break attractive 30Y mortgage rates has supported prices considerably.
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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