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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 fell -2.1% last week after -1% the week prior, led by refis (-4%) with a lighter decline in purchase applications (-1%).
- The 30Y conforming mortgage rate inched 4bps lower but only to 7.86% after the prior week jumping 20bps to 7.90% for a fresh high since Sep 2000.
- The level of purchase applications continues to plumb new cycle lows, extending lows since early 1995.
MBA 30Y rate (white), 10Y Tsy yield (pink) and spread (red), MBA purchase applications level (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.
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