Weekly mortgage demand surges 20% higher, after interest rates drop to the lowest since last year

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  Weekly mortgage demand increases 20% after interest rates drop to lowest since last year

  A sharp drop in mortgage interest rates finally lit a fire under loan demand.
  
  NBC News - 11h

• Mortgage rates drop to lowest since mid-December, but demand still falls short

  Applications for a mortgage to purchase a home were flat for the week and 3% higher than the same week one year ago.
  
  CNBC - Feb. 26

• Mortgage rates plummet, sparking a surge of refinances

  Mortgage applications rose 20.4% in the last week, the Mortgage Bankers Association said.
  
  MarketWatch - 14h

• No ‘golden age’ is coming. Trump’s tariffs will hit Americans with higher interest rates and more inflation.

  Protectionism won’t make us rich — especially if tariffs launch a trade war.
  
  MarketWatch - Feb. 25

• Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast

  The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.
  
  CNBC - Feb. 25

• European Central Bank to make 'last easy rate cut' as tariffs, higher fiscal spending loom

  Disagreement among policymakers may be set to increase as the neutral rate swims into view.
  
  CNBC - 13h

• 2-year Treasury yield slides to lowest since October on more tariff talk from Trump

  U.S. government debt rallied on more tariff threats by President Donald Trump on Wednesday, reigniting economic fears and sending the policy-sensitive 2-year Treasury yield to its lowest level in ...
  
  MarketWatch - Feb. 26

• Oil prices settle at lowest level of the year as tariff threat hurts demand outlook

  Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...
  
  MarketWatch - Feb. 25
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  Birth rate in South Korea, the world's lowest, rises for first time in 9 years

  South Korea’s fertility rate rose in 2024 for the first time in nine years, preliminary data showed Wednesday, in a sign that the country’s demographic crisis might have turned a corner.
  
  NBC News - Feb. 26

More from CNBC

• 'Tariff war, a trade war or any other type of war' — China says it's ready to fight U.S. until the end

  Beijing announced Tuesday additional tariffs as high as 15% on certain U.S. goods, starting from March 10 and a series of new export restrictions for designated U.S. entities.
  
  CNBC - 1h

• Amazon's cloud unit forms agentic AI group

  Swami Sivasubramanian, who has run Amazon Web Services' database business, will lead a new group focused on agentic AI.
  
  CNBC - 2h

• Japanese 10-year bond yields surge to near 16-year highs on rate-hike expectations, global sell-off

  The 30-year bond also crossed the 2.5% mark for the first time since 2008.
  
  CNBC - 9m

• Appeals court allows Trump administration to remove ethics watchdog Dellinger — for now

  The Supreme Court is likely to determine whether President Donald Trump can fire Hampton Dellinger as head of the Office of Special Counsel.
  
  CNBC - 2h

• MongoDB shares sink after company issues weak guidance

  MongoDB's earnings forecast for the 2026 fiscal year came in well below Wall Street expectations.
  
  CNBC - 3h

More in Business

• Japanese 10-year bond yields surge to near 16-year highs on rate-hike expectations, global sell-off

  The 30-year bond also crossed the 2.5% mark for the first time since 2008.
  
  CNBC - 9m
• 

  Trump hands carmakers 1-month reprieve from tariffs

  Carve-out applies to companies operating through US-Mexico-Canada trade pact
  
  Financial Times - 10m

• Trump hates the Biden-era Chips Act. What’s next for semiconductor makers?

  Intel is viewed as “being left on the side of the road” by the Trump administration.
  
  MarketWatch - 59m

• Why ‘Trump Turmoil’ has made a U.S. recession much more likely

  Instead of rapid-fire trade deals, Trump has triggered a trade war.
  
  MarketWatch - 1h

• 'Tariff war, a trade war or any other type of war' — China says it's ready to fight U.S. until the end

  Beijing announced Tuesday additional tariffs as high as 15% on certain U.S. goods, starting from March 10 and a series of new export restrictions for designated U.S. entities.
  
  CNBC - 1h