Tag Archives: economy
Housing lifts the economy
The Fed’s latest report shows a correlation between rising home prices and the economy. Continue reading
Bright spot in dark economy
The housing market is a bright spot in the dark economy, Fannie says. But how bright is it? Continue reading
Big whoop from the BLS
We got relatively good news from the December employment report, released today by the Bureau of Labor Statistics. But it had little immediate effect on the mortgage market. That’s even better news.
The economy created 200,000 more jobs than it destroy… Continue reading
No recovery until 2013?
The cure for the ailing housing market is time, and any signs of sustainable recovery won’t come until 2013, according to a group of economists polled by Reuters.
Attempts to revive the market are being discussed, but the economists believe they’ll do … Continue reading
More Americans staying put
The number of Americans who moved in the past year was at a record low, not only as a result of the poor economy, but also putting a drag on further recovery.
From March 2010 to March 2011, a little more than 11 million Americans moved, according to U…. Continue reading
Jobs report: No jobs
Nada! Not a single job was added to the economy in August, the Labor Department said Friday. That’s the first time in 11 months that the United States did not show a net increase in jobs.
The unemployment rate remained at 9.1 percent, with 14 million A… Continue reading
More bad housing news
Bad news for the housing market just keeps coming. This morning, the Commerce Department reported that new home sales slipped 0.7 percent in July, a bigger-than-anticipated decline. The seasonally adjusted 298,000-unit annual rate is less than the 310,… Continue reading
No longer perverse
Mortgage bond yields finally fell today, as they normally would do after the release of a horrific monthly employment report.
Yields on Freddie Mac mortgage bonds have fallen 9 basis points since yesterday. The yield on the 10-year Treasury has fallen … Continue reading
Rates react perversely to jobs
Employment didn’t gain any headway in June, and that’s supposed to be good news for people who have jobs and who qualify for mortgages.
The unemployment rate edged up to 9.2 percent in June, compared to 9.1 percent in May, according to the Labor Depart… Continue reading
Homeowners still distressed
A new survey has found that homeowners continue to report considerable financial distress.
Nearly 23 percent of those polled in a first-quarter Fannie Mae housing survey who said they had a mortgage also said they owed more than the value of their home… Continue reading