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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 increased a seasonally adjusted 3.3% last week after a flag week prior.
- Purchases bounced (+5.0% after -4.7%) whilst refis pausing after a strong increase (+0.5% after +9.9%).
- The overall increase came despite the conforming 30Y mortgage rate increasing 12bps to 7.13% for its highest since early December.
- In a sign of some tightening over the week, the regular to jumbo spread fell from -12bps to -27bps (the jumbo loan rate increased 27bps over the week), its lowest since mid-Dec and before that in early 2021.
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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