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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 fell a seasonally adjusted 2.6% last week.
- It more than reverses the prior two weekly gains although only chips away at the 15.6% jump three weeks ago.
- The latest decline was led by purchases (-3.3%) compared to refis (-1.5%) after purchases outperformed the previous two weeks.
- The downward pressure on applications came as the 30Y conforming rate increased 10bps to 7.03% after two weeks just under the 7% handle.
- Having shown some sign of relative tightening in mid-May to mid-June, the regular-jumbo spread has increased to -8bps for its joint highest reading of the year-to-date.
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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