Demand for mortgages surges as interest rates fall to lowest in months

Demand for mortgages surges as interest rates fall to lowest in months

The Good Brigade | Digital vision | Getty Images Consumers have returned from the holiday season to find mortgage rates at their lowest level since September, and they are reacting dramatically. The volume of mortgage applications jumped nearly 28% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The … Read more

China’s growth in 2023 largely depends on the consumer: KraneShares

China’s growth in 2023 largely depends on the consumer: KraneShares

The Bund in Shanghai, China on October 17, 2022. China’s gross domestic product grew 3% in 2022, less than half the rate of 2021. Qilai Shen | Bloomberg | Getty Images China’s economy looks poised for a rebound in 2023, but a lot hinges on one variable – the consumer, investment management firm KraneShares said. … Read more