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European Rates Continue to Surge, Sending Stocks Spiraling Lower

Seven of the G10 central banks pumped the brakes between last week and this week as they purposely seek to push demand back into line with supply. And there are more signs that they are...

mortgage

Mortgage Applications Drop Despite Lower Mortgage Rates: Industry is Baffled

 A month ago, mortgages reappeared in the housing-hype circus, when it was widely reported that mortgage applications “soared” and “jumped.” Both types of mortgage applications did so: those used to purchase a home (purchase mortgages)...