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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Iran ceasefire leaves oil volatile amid stock gains
Brent crude moved back above $100 a barrel as Iran seized ships in the Strait of Hormuz, while Japan and South Korea stocks hit record highs after Trump extended the truce.
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Greer calls US-Canada positions far apart before July 1 USMCA review
Jamieson Greer says the two sides remain fundamentally misaligned ahead of the 1 July USMCA review.
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Homebuying applications jump 10% on lower mortgage rates
The average 30-year mortgage rate fell to 6.35%, and home purchase applications rose 10% last week as buyers returned to the market.
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Germany cuts 2026 growth forecast on Iran war energy shock
Germany cut its 2026 growth forecast to 0.5% as the Iran war drives an energy shock, raising inflation and weighing on business confidence.
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Trump ceasefire extension lifts Japan and South Korea to record highs
Japan’s Nikkei 225 and South Korea’s Kospi hit record intraday highs as investors shrugged off Iran tensions and bought into tech strength.
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Germany’s economic sentiment falls to three-year low on energy shock
Germany's ZEW economic sentiment fell to minus 17.2 in April as energy prices surged after the Middle East conflict.
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Mortgage-rate drop to 6.35% lifts home purchase applications
Mortgage rates eased to 6.35%, lifting purchase applications 10% as buyers stepped back into the market, according to the MBA.
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Germany cuts 2026 growth forecast on Iran war energy shock
Germany cut its 2026 growth forecast to 0.5% as the Iran war lifts energy costs and clouds the export outlook.
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Japan and South Korea stocks hit records despite Middle East tensions
Trump’s ceasefire extension lifted Japanese and South Korean stocks to records, even as Tehran rejected talks and oil prices stayed elevated.
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Oil markets: Brent drops after Iran's Hormuz warning
Iran's foreign minister called the Strait of Hormuz "completely open," but Brent crude still fell 10% before rebounding 5% after an attack on an Indian tanker.
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