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Germany lowers 2026 growth forecast to 0.5% amid higher energy costs
Germany’s economy ministry cut its 2026 growth forecast to 0.5% as higher oil and gas prices lifted inflation expectations.
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Lower mortgage rates lift purchase applications 10%
The MBA said purchase applications jumped 10% as the 30-year mortgage rate fell to 6.35%, but affordability remains uneven.
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Chancellor Merz's Germany cuts 2026 growth forecast to 0.5%
US mortgage applications for home purchases rose 10.1% last week as the average 30-year rate fell to 6.35%, its lowest since mid-March.
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