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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 increased a seasonally adjusted 1.4% last week after the 1.6% the week prior.
- New purchase applications led the way again (1.8% after 3.3%) whilst refis lifted after a recent softer patch (0.9% after -0.3%) although that is following a marked step higher back in early August.
- New purchase applications are starting to show marginally more traction after sizeable declines in mortgage rates, although they are only back to July levels.
- The 30Y conforming mortgage rate fell 14bps to 6.29%, down a full 100bps from the recent high of 7.29% from April for its lowest since Feb 2023.
- The regular-jumbo loan spread lifted slightly from -30bps to -27bps but remains depressed in a sign of some relative tightening in standards to larger loans.
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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