November 4, 2026
United States:
US Mortgage Rates Retreat for Third Week While Holding Above 7%
US mortgage rates fell for a third straight week, though a decline in purchase activity showed borrowing costs remain prohibitively high for many prospective buyers.
The contract rate on a 30-year fixed mortgage declined 7 basis points to 7.30% in the week ended Oct. 30, according to Mortgage Bankers Association data released Wednesday.
Europe:
Euro-Zone Inflation Accelerates to Double the ECB’s Target
Euro-area inflation quickened to double the European Central Bank’s target, supporting the case for interest rates to be raised further.
Consumer prices rose 4% from a year ago in October, up from 3.8% the previous month, Eurostat said Wednesday. That’s the highest since September 2023 and in line with the median estimate in a Bloomberg survey.
Asia:
China Services Gauge Unexpectedly Dips for First Time Since July
China’s services activity unexpectedly grew at a slower rate for the first time since July, a private survey showed, as business confidence eased and firms lowered their selling prices despite intensifying inflation in input costs.
The RatingDog China services purchasing managers’ index slipped to 50.8 in October, the lowest in three months, according to a statement published Wednesday. The median forecast of economists surveyed by Bloomberg was for an increase to 51.7 from 51.6 in September.
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