Jul 09
Following a recent string of soft data, Fed fund futures traders
walked a fine line on Wednesday between preaching long-term patience on
the part of the Federal Reserve and anticipating immediate inflationary
help.
Jul 09
Elevated food prices are caused by increased global demand that shows
no signs of letting up, and monetary policy should stop excluding
food prices and begin to focus on total, rather than core,
inflation, wrote a former official from the Federal Reserve.
Jul 09
After announcing on Monday that it would shutter its mortgage lending
operations but continue business as a retail bank,
IndyMac was hit on Tuesday by a potentially fatal blow
to that part of its business as well.
Jul 09
This morning the Mortgage Bankers Association (MBA), in its Weekly Mortgage Applications Survey for the week ending July 4, announced that the Market Composite Index, which measures mortgage loan application volume, increased 7.5% from one week earlier.
Jul 09
LONDON, Ontario, July 04, 2008 — The Government of Canada, the Government of Ontario, and the City of London today celebrated the opening and start of construction of 97 new affordable rental units in three London projects. These projects are supported by over $4 million in funding through the Canada – Ontario Affordable Housing …
Jul 09
OTTAWA, Ontario, July 09, 2008 — The seasonally adjusted annual rate1 of housing starts was 217,800 units in June, down from 227,700 units in May, according to Canada Mortgage and Housing Corporation (CMHC).
“Despite the decrease in June, total housing starts remain at high levels.” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “This is mostly …
Jul 09
Weekly mortgage applications in the United States
moved higher in the week ending July 4, according to data released from
the Mortgage Bankers’ Association (MBA) on Wednesday, which reported a
7.5% week-over-week rise in applications.
Jul 09
U.S. crude oil inventories will top the U.S. economic
data releases of the day along with Canadian building permits for June.
In Europe, markets will hear commentary from European Central Banker
Orodnez, and Australians will hear comments from Governor Stevens.
Jul 09
Mortgage interest rates dropped slightly during the
week ended July 3 according to results of the Primary Mortgage Market
Survey released by Freddie Mac.
Jul 09
The proposed housing stimulus package is moving it's way to the White House. But what does it mean for consumers?