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Mortgage refinance demand plunged 15% last week, but could now reverse

Daniel Acker | Bloomberg | Getty ImagesMortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but late in the week everything changed with the news of the Covid omicron variant.Last week the average rate on...

Klarna losses quadruple amid huge demand for buy now, pay later

The Klarna logo displayed on a phone screen.Jakub Porzycki | NurPhoto | Getty ImagesLONDON — Swedish fintech start-up Klarna saw its losses balloon in the first nine months of 2021, as costs increased sharply amid rising demand for buy now, pay later services.The...

Oil drops 12% in worst day of 2021, breaks below $70 as new Covid variant sparks global demand concerns

Working oil pumps against a sunset sky.Imaginima | E+ | Getty ImagesOil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about a demand slowdown just as supply increases.The leg lower came amid...

Unusual holiday home-buying surge pushes mortgage demand higher

A real estate sign advertising a home "Under Contract" is pictured in Vienna, Virginia, outside of Washington.Larry Downing | ReutersAn unusual surge in home buying, just as the market enters the historically slow holiday season, is driving mortgage demand higher. Total mortgage application...

Silver Investment Demand To Increase By 34% Thanks To Big Spikes In Indian And Silver Trust Demand? – Silver Doctors

Despite the paper silver price in US dollars not being able to hold $25 per ounce yet, there’s evidence that… by Jason Burack of Wall St For Main St  Despite the paper silver price in US dollars not being able to hold $25 per ounce...

Mortgage refinance demand continues its free fall, as interest rates rise again

Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for...