US MBA mortgage applications w.e. 12 November -2.8% vs +5.5% prior 0 (0)

Latest data from the Mortgage Bankers Association for the week ending 12 November 2021
–  +5.5%
– Market index 639.9 vs 658.1 prior
– Purchase index 282.5 vs 278.4 prior
The drop in the past week stems from a sharp fall in refinancing activity, offset slightly by an increase in purchases. The long-term mortgage rate is keeping higher near

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Merkel urges those not vaccinated against COVID-19 to get their first shot, saying it is not too late 0 (0)

Merkel labels the COVID-19 situation in Germany as dramatic
She’s not exactly wrong as the 7-day incidence rate has surged up to a whopping 343.9 in the past 24 hours with the number of active COVID-19 cases fast approaching the 500,000 mark across the country.

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