During the week ending 7 November, mortgage demand increased the most since September, the Mortgage Bankers Association (MBA) said, ending the year’s home-selling season on a high note.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Nov 18 2025
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CASH -STRAPPED ELDERS TURN TO REVERSE MORTGAGES
Older Americans, finding their savings and Social Security incomes are not keeping up with expenses, are increasingly taking out reverse mortgages on their homes, the Financial Times reported.
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NATURAL GAS PRICES ARE THEIR HIGHEST IN MORE THAN THREE YEARS
Heating season has arrived and foreign buyers are willing to pay top dollar for liquefied natural gas (LNG) from the U.S. Both factors have driven gas prices to their highest since the price spiked after Russia attacked Ukraine in February 2022.
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IN THE U.S., FORECLOSURES ARE STEADILY INCREASING
In October, properties in some stage of foreclosure rose 3 percent from September to reach 36,766, a 19-percent gain year on year and the eighth consecutive month in which the number increased, according to property data service ATTOM.
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ECONOMIC UPDATE – MARKET OVERVIEW
Earlier today, the Dow was down nearly 600 points, the S&P was down 1.1 percent, and the Nasdaq was down nearly 2 percent. But as we go to press, they all bounced back somewhat.
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“JOB CREATION IS PRETTY CLOSE TO ZERO,” POWELL SAYS
The U.S. labor market might appear healthy, with a jobless rate near historic lows. However, once statistical overcounting is adjusted out of the data, “job creation is pretty close to zero,” U.S. Federal Reserve chair Jerome Powell said in a 15 November press briefing.