Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off
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Summary
Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive territory.
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BREAKING: India has raised import duty on gold, silver, platinum, and jewellery components to 15% from ~6%, effective May 13, 2026.
— Megh Updates 🚨™ (@MeghUpdates) May 13, 2026
The new structure includes 10% Basic Customs Duty and 5% AIDC. The move aims to curb rising imports, ease pressure on the rupee, and reduce forex…