US Purchase Mortgage Demand DOWN -45.3%, Refi Demand DOWN -91%, Mortgage Rate UP 128%

US Purchase Mortgage Demand DOWN -45.3%, Refi Demand DOWN -91%, Mortgage Rate UP 128%

Mortgage applications rose by 3.0 percent, according to the Mortgage Bankers Association’s Weekly Mortgage Applications...

Biden Argues His Economy Is Beating the Rest of the World. Is It?

President Biden will present his case for “Bidenomics” on Wednesday, highlighting economic recovery and low...

China Likely to Ramp Up Monetaryand Fiscal Stimulus

China is expected to cut interest rates and increase fiscal stimulus to boost its slowing...

Some ECB Officials Weigh Faster Reduction of Bond Portfolio

Some European Central Bank officials are considering ways to speed up the reduction of the...

Treasury Yield Curves – Is This Inversion Different?

The current scenario of inverted yield curves and tight credit spreads is likely to exacerbate...

Credit Suisse’s Fund Outflows Continue With $6 Billion Pulled

Investors withdrew $6 billion from open-end funds and ETFs tracked by Morningstar Direct, signaling ongoing...

UBS Preparing to Cut Over Half of Credit Suisse Workforce

Credit Suisse Group AG’s workforce is set to be cut by more than half as...

The Most Splendid Housing Bubbles in America, June Update: 2nd Overall YoY Price Drop since 2012

The S&P CoreLogic Case-Shiller Home Price Index for the 20 cities showed a significant year-over-year...

US Mortgage Applications for Home Purchases Rise for Third Week

Despite elevated borrowing costs, US mortgage applications for home purchases continued to rise for the...

US Home Prices Are Still Dropping – And the S&P 500 Will Erase This Year’s Gains: David Rosenberg

US house prices continue to decline, and economist David Rosenberg has issued a warning about...

Japanese Intervention in Focus as Yen Heads to 145 Level

The Japanese yen faced steep declines and reached its weakest level since early November, driven...

How Is the Spot Price for Gold Determined?

When you buy physical gold, the price you pay will start with the “spot price.”...

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