Amazon Offers Up to 40% Discount Using Points for Select Discover Cardholders
Amazon has reinstated a targeted discount promotion exclusively for Discover cardholders, offering shoppers a chance to save up to $50 on qualifying purchases. The offer allows eligible users to redeem their Discover Cashback Bonus toward discounts on Amazon.com purchases, with savings ranging from $10 off purchases over $50 to 40% off on selected orders. However, participation is limited by invitation…
Refinance Demand Rises as Interest Rates Reach Multi-Year Lows
Mortgage application activity in the United States saw a significant increase last week, driven by a sharp decline in mortgage rates that boosted refinance demand and modestly lifted home purchase applications. According to the Mortgage Bankers Association’s (MBA) weekly survey for the week ending August 8, 2025, the seasonally adjusted Composite Index rose by 10.9%, reflecting heightened borrower activity amid…
Multifamily Construction Growth Conceals Decline in Building Permits
The U.S. residential construction sector experienced a robust rebound in July, with housing starts climbing 5.2% to an annual rate of 1.428 million units, driven predominantly by multifamily developments. However, while new construction activity accelerated, building permits which signal future housing supply fell to their lowest level in five years, underscoring growing uncertainty among homebuilders. This divergence highlights ongoing challenges…
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