According to the latest Freddie Mac update, the 30 Year Fixed has jumped to 4.16%, from 3.94% just a month ago, and 3.5% as of early October. But more troubling was Freddie’s explicit warning, that “if rates continue their upward trend, expect mortgage activity to be significantly subdued in 2017.” Source: Zero Hedge
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George Soros, the billionaire who earned fame by betting against the pound in 1992, said Britain was approaching a tipping point that would see the economy slow to such an extent that Brexit might even be reversed. Source Reuters
Court is considering an appeal by the Trump administration to allow the president’s order restricting travel to the US from six Muslim-majority countries Source The Guardian
Germany’s foreign intelligence service long spied on numerous official and business targets in the United States, including the White House, Spiegel weekly reported Thursday. The magazine said it had seen documents showing that the intelligence service, the BND, had a list of some 4,000 so-called selector keywords for surveillance between 1998 and 2006. Source The Local