March 19, 2025
United States:
US Mortgage Rates Increase for First Time in Nine Weeks
The average US 30-year mortgage rate rose for the first time since early January, causing a pullback in refinancing and tempering purchase activity.
The contract rate on a 30-year mortgage climbed 5 basis points to 6.72% in the week ended March 14 from the lowest level this year, according to Mortgage Bankers Association data released Wednesday.
Europe:
Euro-Zone Inflation Revised Down as ECB Ponders Cut or Pause
Euro-area inflation slowed more than initially reported in February, strengthening arguments for the European Central Bank to keep cutting interest rates.
Consumer prices rose an annual 2.3% — less than the 2.4% Eurostat first flagged.
Asia:
BOJ Holds Rates, Noting Unease Over Potential Tariff Impacts
The Bank of Japan kept its benchmark rate unchanged and cited worries over the potential impact from US tariff policies, suggesting that it’s not in a rush to hike for now.
The central bank added a reference to trade policies to its list of risks to the outlook, its statement showed Wednesday.
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