The Wake of The Flood Continues: Refinance applications jump to highest level since April on low mortgage rates

by confoundedinterest17

Incoming Treasury Janet Yellen is working with Fed Chairman Jerome Powell to undo Treasury Secretary Mnuchin’s cancellation of Treasury stimulus programs.

After two weeks of decreasing numbers, mortgage applications increased 3.9% last week, according to a report from the Mortgage Bankers Association. Refinance applications climbed even higher.

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MBA Mortgage Refi applications continue to rise as mortgage rates continue to fall.

On the hot button topics of US Dollar, Gold, S&P500 index, and Bitcoin, we can see Gold and the US Dollar continuing to fall while Bitcoin continues to soar. The S&P500 continues to “flood-up” with money printing.

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Yes, the flood of easing continues.

Wake of the flood … of monetary stimulus.