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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 -7.2% in the week to Jan 26, with another large split between purchases and refis.
- Purchase applications fell -11.4% on the week, the largest decline since Dec’22 but following a string of strong increases that still leaves them 10% higher than they ended 2023.
- Refi applications meanwhile increased 1.6% on the week after falling -7%. An even stronger profile prior to that sees them 24% higher than end-2023.
- Mortgages rates were unchanged: the 30Y conforming rate held at 6.78%, still 16bps lower than the jumbo with the -16bp spread within recent ranges.
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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