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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 saw their third weekly seasonally adjusted gain in the week to Jan 19, rising 3.7% after two strong weeks for a cumulative 26% increase since year-end.
- Latest drivers were more mixed though, with purchase applications rising 7.5% but refis falling -7.0% after two very strong weeks. Purchase applications push to their highest since Apr’23 although remain more than 30% below pre-pandemic levels.
- The 30Y conforming rate increased 3bps to 6.78%, still close to the mid-Dec recent low of 6.71% and more than 110bps below the October peak.
- In a sign of continued tighter conditions, the spread to to jumbo loan rates remains negative at -16bps but is within ranges since November.
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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