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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 fell a seasonally adjusted 2.7% M/M last week after increasing 3.3% the prior week.
- Declines were led by refis (-5.6% after +0.5%) whilst purchases dipped -1.0% after +5.0%.
- The 30Y conforming mortgage rate increased a further 11bps on the week to 7.24%, its highest since late November.
- Mortgage rates have increased 33bps since late March yet composite applications are surprisingly 0.6% higher over that period (albeit still less than 50% of 2019 levels).
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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