Articles by Daniel Marsh
Mortgage Rates Climb, Squeezing Spring Housing Momentum
The average 30-year fixed mortgage rate increased to 6.22% this week, contributing to a 10.9% drop in overall loan applications as refinancing activity slowed. Purchase applications showed slight weekly growth but remain volatile year-over-year.
Indian Markets Rebound Sharply on Easing Oil Prices and IT Rally
Indian equity indices staged a strong recovery on March 20, 2026, with the Sensex jumping 891 points. The rally was fueled by falling crude oil prices and a surge in IT stocks.
Novo Nordisk Shares Dip Despite FDA Nod for Higher-Dose Wegovy
Novo Nordisk shares declined in Copenhagen trading even after U.S. regulators cleared a higher-dose version of its Wegovy obesity treatment. Competitive pressures from Eli Lilly and looming generic competition in India weighed on investor sentiment.
Opendoor Shares Slide Amid Rising Mortgage Rates, Housing Slowdown
Opendoor Technologies shares declined 2.6% after U.S. 30-year mortgage rates climbed to 6.22%, the highest since December. The company warned first-quarter revenue could drop roughly 10% sequentially.
NAB Shares Drop Amid Oil Spike and RBA Rate Hike
National Australia Bank shares declined 1.29% to A$46.62, pressured by a jump in oil prices and the Reserve Bank's latest interest rate increase. The bank will raise variable home-loan rates later this month.
UBS Upgrades Nu Holdings on Brazil Rate Cut and Profit Momentum
Nu Holdings shares advanced after UBS upgraded the stock to Buy, highlighting robust profit growth and improved loan metrics. The move follows Brazil's first interest rate cut in over a year.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
Bradesco Shares Dip Amid Capital Hike, Brazil Rate Outlook
Banco Bradesco's U.S.-listed shares declined following a formal capital increase and a scheduled shareholder vote on spinning off its healthcare unit. The moves come as Brazil's central bank adjusts monetary policy amid shifting inflation expectations.
Oil Surge, Fed Outlook Sink Major Indexes
U.S. equities declined sharply, with the Dow dropping roughly 460 points, following a spike in oil prices and a more cautious Federal Reserve stance on inflation and rate cuts.
Blue Owl Shares Dip as BofA Calls Private Credit Fears Excessive
Blue Owl Capital shares declined slightly on Thursday following a Bank of America research note stating concerns around private credit managers are exaggerated. The stock has fallen nearly 40% year-to-date amid broader sector strain.