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Why do economists seem to be less optimistic about the U.S. economy in May than they were just a month ago?
Read More »Just How Far Has the Economy Fallen in a Month?
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Fed Opts Out of Rate Hike Until ‘Further Improvement’ in Economy
The Federal Open Market Committee (FOMC) stood still Wednesday as all eyes in the mortgage industry awaited their announcement to leave the federal funds rate at its current level.
Read More »Fed Announces End of QE3 Asset Purchase Program
The Federal Open Market Committee (FOMC) of the Board of Governors of the Federal Reserve System today announced that its asset purchase program, known as QE3 (quantitative easing) will end this month, citing sufficient economic growth.
Read More »Index Points to Moderate Economic Growth For Remainder of 2014
A gauge of leading economic indicators in the United States showed solid growth in September, suggesting moderate economic expansion to finish out the year.
Read More »Job Openings at Highest Level Since 2001
The U.S. Bureau of Labor Statistics recently reported there were 4.8 million job openings (3.4 percent) nationwide on the last business day in August, which was the highest level of job openings since January 2001.
Read More »HUD to Commit $24 Million To Help PHA Residents Increase Earned Income
The U.S. Department of Housing and Urban Development (HUD) is committing $24 million to certain qualified Public Housing Authorities (PSAs) help their residents increase their earned income, HUD secretary Julián Castro announced on Friday.
Read More »Study: Economy On More Solid Ground, Housing May Soon Follow
Now that the overall economy is on more solid ground, Wells Fargo economists suggest that housing may soon follow in its footsteps, according to Wells Fargo's Housing Chartbook for October 2014 released on Thursday.
Read More »Fannie Mae: Consumers Growing More Optimistic Toward Housing
According to results from Fannie Mae's September 2014 National Housing Survey, Americans' optimism about the housing market recovered last month.
Read More »Unemployment Rate Falls Below 6 Percent For First Time Since ’08
According to the latest monthly figures from the Bureau of Labor Statistics, the nation added 248,000 jobs in September, bringing employment growth back above 200,000 after an unexpected drop in August.
Read More »Housing, Economy Stuck in Catch 22
Delinquency and foreclosure rates also were much improved. According to Trulia and Black Knight, the national delinquency and foreclosure rate was 74 percent back to normal in August—the same as one quarter ago and up from 56 percent one year ago. Trulia's chief economist, Jed Kolko, said that with the share of mortgage borrowers with negative or near-negative equity dropping, the default rate should continue to drop.
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