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Mortgage demand falters as interest rates rise for the first time in a month

DFW housing and macroeconomic analyst Amy Nixon said the longer interest rates are cut, the longer interest rates will remain high and “money is being made.” Key Metrics Home purchase Applications fell to a three-month low as mortgage rates began to rise again. Mortgage Bankers Association (MBA) Home loan application New data released Wednesday showed […]

Kamala Harris is the only Plan B Democrats have if Biden falters — not Newsom  

Marginalized Vice President Kamala Harris may finally tiptoe out of the political wilderness, though not through any effort of her own. President Biden’s Accelerating decline in public opinion polls Opposition to Donald Trump not only causes anxiety for Democrats, but also opens the door to the possibility that Harris, and Harris alone, could replace Biden […]

Eurozone Flatlines, Zero Growth in Final Quarter as Germany Falters

FRANKFURT, Germany (AP) – Europe’s economy will still fail to expand at the end of 2023, remaining stagnant for more than a year amid soaring energy prices, soaring credit prices and an economic downturn in once-powerhouse Germany. The economy grew at zero in the October-December period last year, following a 0.1% contraction in the previous […]

Euro wavers, the USD picks up as market mood falters – FXStreet

share: The euro rose as the US dollar recovered amid weak market sentiment. Weaker-than-expected US PPI on Friday reignited hopes of a Fed rate cut, hurting the US dollar There is little trading on Monday as the US market is closed for the holiday. The euro (EUR) has fallen after a strong start […]