US MBA Purchase Index (Feb/20) 149.7 (Prev. 157.1)
The decline in the US MBA Purchase Index from 157.1 to 149.7 indicates a weakening trend in mortgage applications, which could signal softer housing market activity.
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 Purchase Index (Feb/20) 149.7 (Prev. 157.1)
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 drop may influence perceptions about consumer confidence and spending, potentially impacting future monetary policy considerations as the Fed monitors housing services as part of inflation metrics.
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