Mortgage demand falls to nearly half of what it was a year ago, as interest rates continue to rise

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Mortgage demand falls to nearly half of what it was a year ago, as interest rates continue to rise

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.20% last week from 5.13%. Refinance demand fell another 8% for the week and was 68% lower than the same week one year …
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India Soaks Up Every Major Russian Oil Variety as Flows Persist – Bloomberg Quint

(Bloomberg) — India is doubling down on Russian crude oil purchases despite warnings from the U.S., snapping up every major grade from the OPEC+
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New York's Cannabis Social Experiment and How You Can Participate – Bloomberg Tax

This is part of a two-day series by Bloomberg Tax Insights looking at the tax challenges facing cannabis businesses and how they can navigate
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Existing Home Sales Fall 2.7% in March, But Prices Still Rise

“The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power,” said Lawrence Yun, NAR’s chief economist. “Still, homes are selling rapidly, and home price gains remain in the …
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What to Know in Washington: Inflation Clouds Democrats' Message | Bloomberg Government

Bloomberg Government's analysts April 27 will discuss what House and Senate leaders plan to prioritize for the remainder of 2022, with an eye on
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