US MBA Mortgage Refinance Index (Feb/20) 1432.9 (Prev. 1375.9, Rev. From 1375.9)
The latest MBA Mortgage Refinance Index shows an improvement, rising to 1432.9 from a previous level of 1375.9, confirming underlying strength in the refinancing market.
FHFA Director Pulte says Fannie Mae and Freddie Mac IPO this year is very likely, with a combined worth of USD 500-700bln
South Africa sees debt peak at 78.9% of GDP (prev. saw 77.9%) and budget gap at 4.5% of GDP (prev. saw 4.7%) in 2025-26, Treasury to propose a legislated principles-based fiscal anchor in 2026 mid-term budget
US MBA Mortgage Refinance Index (Feb/20) 1432.9 (Prev. 1375.9, Rev. From 1375.9)
US and UK are tentatively restarting work on a tech deal, according to the FT; senior officials have also begun discussions on civil nuclear technologies
Kazakhstan's Tengiz field reportedly produced 790k BPD (17% below recovery plan), with output recovery slowed by CPC oil export disruptions
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This increase suggests that lower mortgage rates may be spurring borrower activity, which could contribute positively to household financial stability and spending, impacting broader economic conditions and potentially influencing future monetary policy.
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