It’s no secret that the Trump administration is skeptical, to put it mildly, of alternative energy. If that was a signal for investors to dump clean-energy stocks and favor the familiar names in the business of extracting fossil fuels, the crowd didn’t get the memo.

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Supported by the recent decline in interest rates, US mortgage applications rose 9.2% last week vs. the year-ago level, according to data from the Mortgage Bankers Association (MBA). The latest update continues to show a stronger trend this year vs. 2024. “The downward rate movement spurred the strongest week of borrower demand since 2022, with both purchase and refinance applications moving higher,” said Joel Kan, MBA’s vice president and deputy chief economist.

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