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Overseas Headlines – November 11, 2026

November 11, 2026

 

United States:  

US Mortgage Rates Fall for Fourth Week, Lifting Home Purchases

US mortgage rates declined for a fourth straight week, boosting home-purchase applications by the most since mid-April and giving a tiny spark to the deflated housing market.

The contract rate on a 30-year fixed mortgage fell 9 basis points to 7.21% in the week ended Nov. 6, according to data released Wednesday by the Mortgage Bankers Association.

https://www.bloomberg.com/news/articles/2026-11-11/us-mortgage-rates-fall-for-fourth-week-lifting-home-purchases?srnd=phx-economics-v2

 

Europe:

AI Has Driven a Quarter of UK Growth This Year, Analysis Shows

Artificial intelligence has powered around a quarter of UK growth this year, according to Bloomberg economists, putting the country at risk of a global downturn in valuations around the technology.

From building data centers to developing AI models, activity linked to the technology has added 0.45 percentage points to UK growth in 2026, Bloomberg Economics said Wednesday, out of a total expansion of around 1.8%.

https://www.bloomberg.com/news/articles/2026-11-11/ai-has-driven-a-quarter-of-uk-growth-this-year-analysis-shows

 

Asia:

Japan Government Bond Yields Jump, Tracking Treasury Selloff

Japanese government bonds fell on Wednesday, tracking an overnight selloff in Treasuries after hotter-than-expected US inflation fueled bets that the Federal Reserve may need to raise interest rates more aggressively.

The benchmark 10-year yield surged 10.5 basis points 2.795%, while the five-year yield rose 9.5 basis points to 2.195% and the monetary policy-sensitive two-year yield climbed 8.5 basis points to 1.86%.

https://www.bloomberg.com/news/articles/2026-11-11/japan-government-bond-yields-jump-tracking-treasury-selloff

 

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