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
- MBA mortgage applications slid heavily into year-end, falling a seasonally adjusted -10.3% on the week led as purchase applications fell -12% to joint lows from late October prior to a modest rise through November as mortgage rates retreated [green line chart below]. These levels are close to 2015 lows and before that last seen in the 1990s.
- The latest slide came as the 30Y fixed rate increased 16bps on the week to 6.58%, still off October highs of 7.16% [white line] from a combination of the net rally in long-dated Treasuries over the same period [pink line] and a compression in the spread [red line].
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok