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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 composite mortgage applications dipped a seasonally adjusted -1.5% in the week to Dec 15, with refis -1.8% and purchases -0.6%.
- It fades another large decline in the 30Y conforming mortgage rate, but has followed a 10% rise in the prior two weeks (that was in turn driven by refis).
- Specifically, the 30Y conforming rate fell 24bps to 6.83%, its lowest since June. It has now fallen 107bps since its late October peak.
- Rates for jumbo loans saw a more modest decline on the week, an effective tightening in conditions, with the regular-jumbo spread falling from -15bps to -29bps for its lowest since Jan 2021.
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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