Business Bible News Market Minute: May 27 @ 4:00PM ET

This is a Business Bible News Market Minute for Wednesday May 27 at 4:00 PM Eastern Time. According to Bloomberg, US mortgage rates increased last week to the highest since August, restraining home-purchase activity and prompting a sharp pullback in refinancing. Global markets are mixed today. In overseas trading, the Nikkei is down 62 points. The Dow is up 189 points to 50,650. Oil is trading at $89 per barrel while gold is at $4,484 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Scarcity. This principle is found in Ephesians 3–20. The verse reads: 'To him who by means of his power working in us is able to do so much more than we can ever ask for, or even think of:' Learn more at businessbible.com where Daily News meets Daily Principle.