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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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Jun 27, 2026 / Tyler Durden
Hezbollah Supporters Block Roads, Encircle Govt Buildings In Beirut Over Israel Deal: 'They Sold Us Out'
Hezbollah Supporters Block Roads, Encircle Govt Buildings In Beirut Over Israel Deal: 'They Sold Us Out' Mass protests broke out in Beirut on Friday into Saturday, with supporters of Hezbollah voicing their outrage at the Lebanese government having just signed a 'trilateral peace framework' with Israel and the United States, despite the IDF occupation of southern territory and sporadic Israeli bombings persisting.  Hundreds of motorcycle-riding supporters were also seen circling streets through central Beirut, near the parliament building and along airport road. In some cases protesters blocked roads near sensitive government...
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Sep 22, 2026 / Tyler Durden
AI & The Same Old Politicized Hysteria
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Jul 30, 2026 / Tyler Durden
DEI Is Killing British Policing: Think-Tank Exposes The Truth
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