Slowing! Mortgage Purchase Applications Down 2% From Previous Week, Down 8% From Same Week Last Year (Bankrate’s 30Y Mortgage Rate Rises To 4.46%)

by confoundedinterest17 Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 11, 2022. The seasonally adjusted Purchase Index increased 1 percent from one …

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Small decline in BIS gold swaps in February

By Robert Lambourne via GATA The recently released February 2022 statement of account of the Bank for International Settlements — https://www.bis.org/banking/balsheet/statofacc220228.pdf — contains information suggesting a decrease of about 29 tonnes in the bank’s gold swaps, from 501 tonnes as at the end …

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Russia Reverses Pipeline Gas Flow

Part of a key pipeline transporting natural gas from Russia to Europe suddenly reversed its flow direction Tuesday, Reuters reported. Flows in the Yamal-Europe pipeline, which sends natural gas to Germany via Poland, were recorded going eastward away from Europe …

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Russia, China, India, Saudi, Iran, Venezuela Join By African, South American And Asian Countries Breaking Away From Petrodollar Dominated Financial System

https://www.globaltimes.cn/page/202203/1254958.shtml SOURCE / ECONOMY India reportedly explores yuan in oil trade with Russia, as frustration grows over US sanctions India is reportedly planning to buy Russian oil at discounted prices and even considering the Chinese yuan as a reference currency in …

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