MBA mortgage applications in the United States improved from -1.8% to -0.3% recently

    by VT Markets
    /
    Oct 22, 2025
    EUR/USD Nears Daily Highs Gold Faces Continued Pressure The housing market shows early signs of stabilizing, which is a positive change. Mortgage applications are declining, but the pace has slowed from -1.8% to -0.3%. Since 30-year mortgage rates exceeded 7% in 2023, this slowdown suggests the market might be finding a bottom, even though rates remain high. In currency trading, the British Pound is holding up well despite weaker UK inflation data. The market thinks the Bank of England will keep its strong approach, keeping GBP/USD steady around 1.3360. This indicates that interest rate differences are currently more influential for the pound than one weak inflation report. Gold is at a crucial point, testing the $4,000 per ounce mark. Rising US Treasury yields are the main pressure, with the 10-year Treasury yield recently reaching 4.9%, the highest since 2024. Traders should closely monitor this relationship, as a cooler-than-expected US inflation report could lower yields and push gold back above this significant level. Create your live VT Markets account and start trading now.

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