November 19, 2025
United States:
US Mortgage Activity Declines as Borrowing Costs Edge Higher
US mortgage activity declined last week as home-financing costs continued to tick higher, adding to evidence of a struggling housing market.
A Mortgage Bankers Association composite measure of applications to purchase or refinance a home dropped 5.2% to a four-week low in the period ended Nov. 14. The contract rate on a 30-year mortgage edged up 3 basis points to 6.37%, according to the data released Wednesday.
Europe:
UK Inflation in First Drop Since March Ahead of Reeves’ Budget
UK inflation fell for the first time in seven months, a sign price pressures are past their peak ahead of crucial decisions by the Bank of England and Chancellor of the Exchequer Rachel Reeves.
Consumer prices increased 3.6% in October compared with a year earlier, down from the 3.8% rise in September, the Office for National Statistics said on Wednesday.
Asia:
Japan’s Finance Minister Reaffirms Joint Accord with BOJ’s Ueda
Japan’s Finance Minister Satsuki Katayama said she confirmed the need to monitor market movements with Bank of Japan Governor Kazuo Ueda and Growth Strategy Minister Minoru Kiuchi, as the officials reaffirmed a joint accord aimed at overcoming deflation and achieving sustainable growth.
“We confirmed that the three of us will do our utmost to manage policy toward stable inflation and sustainable economic growth,” Katayama told reporters on Wednesday after the meeting of the three officials. “We also reaffirmed that we will monitor market developments with a high sense of urgency and communicate with markets closely.”
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
