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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 were near flat in the week to Aug 23 with a seasonally adjusted 0.5% increase after some large swings with -10.1% and 16.8% in the prior two weeks.
- The 30Y conforming mortgage rate fell 6bps to a new recent low of 6.44%, now down 85bps since late April.
- Refis (-0.1% after -15.2% and 34.5%) continued to hold onto the majority of their recent jump higher on this move.
- However, new purchase applications (0.9% after -5.2% and 2.8%) continue to fade the decline in rates.
- The conforming to jumbo spread meanwhile hit new recent lows of -31bps in a sign of a marginal trend tightening in conditions.
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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