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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 4.4% in the week to Jun 30 (refis -4%, purchases -5%) after three weekly increases as mortgage rates edged lower.
- The 30y conforming mortgage rate reversed those recent declines with a 10bp increase to 6.85% as it pushed back nearer recent highs and kept the spread to Tsys at an elevated ~300bps.
- Within the details, an unchanged 30y rate for jumbo loans at 6.95% saw no further changes in relative lending conditions for that particular segment, after notably tightening in recent weeks. The -10bps for regular less jumbo is still the lowest since Aug’21.
MBA 30y (white), 10Y Tsy (pink), spread (red) and purchase applications level (green)Source: Bloomberg
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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