Mortgage applications in the week ended Nov. 11 fell 9.2% from a week earlier as demand fell for both refinances and purchases, according to data from the Mortgage Bankers Association. The average rate on 30-year fixed mortgages has been climbing every day since Mr. Trump was elected, reaching 4.02% on Tuesday. Source: WSJ
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Black-clad activists protesting U.S. President-elect Donald Trump’s inauguration smashed store and car windows in Washington on Friday and fought with police in riot gear who responded with pepper spray and stun grenades. Source reuters
The euro clearing houses that currently trade from London could only remain in the city after Brexit if the new framework is “strong enough.” But, for now, such a possibility sounds “challenging,” an executive member of the European Central Bank told CNBC in Davos. Source CNBC
Retail sales in December dropped 1.9% from the previous month, according to official figures. Sales across all main retail sectors declined, with the heaviest falls coming at non-food stores, the Office for National Statistics (ONS) said. It was the biggest monthly fall for more than four and a half years. Source BBC