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 DATA
- Composite applications increased +0.9% in the week to Jul 7 in only a modest bounce after -4.4% the week prior (refis -1%, purchases +2%).
- It did however come against a 22bp increase in the 30-year conforming rate from 6.85% to 7.07%. That rate has now increased 89bps since the Feb’23 recent low, and comes close to the Oct’22 high of 7.16% that marked the highest since 2001.
- The regular-jumbo spread continued to reverse some of its sizeable decline, rising from -16bps to -10bps to +3bps over the past two weeks, suggesting less relative tightening for the jumbo sector than through June.
30Y MBA rate (white), 10Y Tsy yield (pink), spread (red) and 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok