A month ago, the dollar and stock markets were riding high as investors bet that the Trump administration, together with the Republican-controlled Congress, would usher in an era of lower taxes, more government spending and looser regulations.
Applications for U.S. mortgages to buy a home rose to a six-month high last week as mortgage rates retreated further from more than two-year highs, Mortgage Bankers Association data released on Wednesday showed.
A gauge of U.S. small business confidence rose to a 12-year high in December as optimism about the economy intensified among business owners following the November election, the National Federation of Independent Business said on Tuesday.
Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.
A measure of U.S. mortgage application activity fell to a 10-month low as 30-year mortgage rates jumped to their highest levels since January, data from the Mortgage Bankers Association released on Wednesday showed.
A corner of the U.S. bond market on Wednesday suggested investors are concerned about rising inflation from possible looser fiscal and more protectionist trade policies of Republican Donald Trump who defied forecasts by winning the U.S. presidency.
