Mortgage applications fall 5% despite rate decline

Mortgage Applications Fall 5% Despite Rate Decline The housing market is presenting a confusing picture for economists and potential buyers alike. New data shows a surprising 5% weekly drop in mortgage applications, even as average interest rates saw a slight decline. The Core Contradiction: Lower Rates, Fewer Applications Typically, a dip in mortgage rates acts…

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people walking on street near high rise buildings during daytime

China’s Exports to US Plunge 29% in November Despite Trade Truce Hopes

China’s exports to the United States plummeted 29% in November, extending a prolonged double-digit decline that underscores persistent tensions in the world’s most critical trade relationship. The sharp drop comes despite ongoing diplomatic efforts to stabilize bilateral commerce and marks one of the steepest monthly declines in recent years. However, Chinese manufacturers demonstrated resilience by…

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