October 8, 2025
United States:
US Mortgage Activity Dips Again in Swift Reversal of Home Demand
Applications for mortgages to buy a home or refinance both fell for a second week, marking a swift reversal of what had been a hopeful sign of a revival in the US housing market.
The Mortgage Bankers Association’s index of home-purchase applications declined 1.2% in the week ended Oct. 3, while a gauge of refinancing fell 7.7%.
Europe:
Germany Sees Growth Accelerating in More Optimistic Forecasts
Germany will eke out meager expansion of 0.2% this year before growth strengthens to 1.3% in 2026 supported by tens of billions of euros in fiscal stimulus, according to revised government projections.
The latest twice-yearly forecasts published Wednesday by Economy Minister Katherina Reiche are slightly more optimistic than April’s projections by the previous government and bring the outlook into line with Germany’s leading research institutes.
Asia:
Japan’s Wage Growth Slows, Underscoring Challenge for Takaichi
Japan’s wages rose at the slowest pace in three months with real pay extending its falling streak, highlighting a challenge for newly elected ruling party leader Sanae Takaichi who has pledged to address the increase in living costs.
Nominal wages increased 1.5% in August from a year earlier, decelerating from 3.4% in the previous month, according to a report by the Ministry of Health, Labour and Welfare on Wednesday.
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