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Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs
Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs
Refinancing activity in the U.S. housing market plummeted last week as mortgage rates hit their highest level in nine months, new industry data released on May 27 show.
Refinancing decreased by 18 percent for the week ending May 22 and is up by 19 percent from the same time a year ago, according to the Mortgage Bankers Association.
“Many borrowers understandably backed away from refinancing last week,” Joel Kan, the firm’s vice president and deputy chief economist, said in a statement.
The decline...
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China Buys Record Amount Of Gold As India Panics, Scraps Key Tax Relief On Precious Imports
China Buys Record Amount Of Gold As India Panics, Scraps Key Tax Relief On Precious Imports
Gold is climbing notably this morning, underscoring the potential for the precious metal to ratchet higher into year-end thanks to sustained buying from central banks and retail investors.
On the retail side, the total known ETF holdings of bullion are up this week, set to match the 12-week streak of gains posted through April 18, 2025.
That means the stockpile exceeds the peak touched just before the outbreak of the Iran war.
And central banks are backing...
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Jul 28, 2026 / Tyler Durden
The State Of American Elections: For The Left, 'The Worse, The Better'
The State Of American Elections: For The Left, 'The Worse, The Better'
Authored by Bradley Thayer via American Greatness,
Americans long knew that their elections were in embarrassingly poor shape, but President Donald Trump’s address this month revealed just how extensive the problems had become. The Trump administration’s investigation revealed foreign interference and deep-state, treasonous subterfuge.
The documents he declassified demonstrated five major problems.
First, the People’s Republic of China (PRC) hacked voter data, gaining access to the data of 220 million Americans.
Second, the U.S. intelligence community deliberately downplayed the PRC’s penetration...
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