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
- MBA composite mortgage applications increased a seasonally adjusted 3.7% in the week to Feb 2 after -7.2% prior.
- Continued large discrepancy between purchases and refis: Purchase applications -0.6% after a particularly heavy -11.4%, refis +12.3% after +1.6%.
- Over the limited year to date, purchase applications are 9% higher vs 40% for refis.
- The 30Y conforming mortgage rate lifted just 2bps to 6.80%, having largely plateaued at these levels since mid-Dec.
- Jumbo loan rates are starting to adjust lower though, with the conforming to jumbo spread at -8bps from -16bps prior, its least negative since mid-Nov.
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