May 07
Economists say the March report for pending home
sales confirms what has been known for many months now: the U.S.
housing market is still several months away from stabilizing.
May 07
Surprising to the upside, seasonally adjusted consumer
debt rose $15.3 billion in March, according to data released
Wednesday from the U.S. Federal Reserve, which also showed that total
consumer credit rose to 2.558 trillion.
May 07
Think about how to use the economic stimulus rebate to improve your long-term financial health. Find three great reasons why paying off debt with that stimulus check is the best path to revving up the entire economy.
May 07
After a string of declining weeks, the Mortgage Bankers Association (MBA) announced today that week-over-week mortgage activity surged 15.6 percent for the week ending May 2.
May 07
Weekly mortgage applications in the United States
rose in the week ending May 2 following two weeks of declines, according
to data from the Mortgage Bankers’ Association (MBA) on Wednesday, which
said applications increased by 15.6%.
May 07
Fed Governor Randall Kroszner said rising mortgage
foreclosures are an “urgent problem” and called
on Congress to pass a Fannie Mae and Freddie Mac regulatory bill.
May 07
Kansas City Fed President Thomas Hoenig (non-voter) says that
inflation is becoming embedded in the economy and that
may compel a significant interest rate hike. In a speech
in Denver, Colorado, Hoeing that consumers are showing an “inflation
psychology to an extent that I have not since the 1970s and early
1980s.”
May 07
Continued tight credit and worries about inflation worked to keep
mortgage rates essentially locked into place during the
week ended May 1 according to the Primary Mortgage Market Survey
conducted by Freddie Mac.