Going Down! MBA Mortgage Applications Dive 8.6% WoW, Purchase Apps Decline 7%, Refi Apps Decline 9% As Mortgage Rates Skyrocket (ARM Share Rose 9.4% WoW)

by confoundedinterest17 Thanks to The Federal Reserve helping to raise mortgage rates through the roof, mortgage applications are going down. From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey. Mortgage applications decreased 8.3 percent from one week earlier, according to …

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Dow Undergoing Catastrophic Decline, The Dow Is Now Down 700+ Points. The Average Stock Is Now -40% Off 52 Week Highs. Storm Coming!

DOW UNDERGOING CATASTROPHIC DECLINE, -628 — The_Real_Fly (@The_Real_Fly) April 22, 2022 Stock selloff: The Dow is now down 700 points and the S&P 500 nearly 100 points https://t.co/sszjvfsUJE — MarketWatch (@MarketWatch) April 22, 2022 https://twitter.com/leadlagreport/status/1517532897749745666 LOL: Jim Cramer, one month …

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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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A 50% Decline Will Only Be A Correction

Authored by Lance Roberts via RealInvestmentAdvice.com, A 50-percent decline will only be a correction and not a bear market. I know. Right now, you are thinking, how could anyone suggest a 50-percent decline in the market is NOT a bear …

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Economic Confidence on the Decline

by Martin Armstrong Americans have lost faith in the economy after a year of runaway inflation and incompetent leadership. The Economic Confidence Index (ECI) fell to -33 last week, similar to levels seen during April 2020 when the world economy …

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