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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 -5.7% last week, more than reversing a 5.1% cumulative increase over the prior three weeks.
- It came as refis tumbled -13.6% after a 17.5% cumulative increase, whilst purchase applications saw a third weekly decline with -1.1%.
- The 30Y conforming mortgage rate increased 4bp as what had been a 28bp decline from the recent peak of 7.29% in late April leveled off.
- The conforming to jumbo spread was unchanged at -17bps, continuing to hold at a typical level for those seen in 2024 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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