‘No sign of a rebound’: Mortgage applications hit 22-year lows, as home buyers pull back
Mortgage loan applications fell again this week, the Mortgage Bankers Association said, as fewer people are purchasing homes, or refinancing their loans.
江湖电竞比赛押注开户
U.S. consumer credit growth moderates in July
Consumer credit rose $23.8 billion in July, down from a $39.1 billion gain in the prior month, the Federal Reserve said Thursday.
Mortgage rates march towards 6%, reaching highest level since 2008 — but there is some good news for home buyers
The 30-year mortgage rate is averaging at 5.89%, Freddie Mac said in its weekly survey on Thursday.
Jobless claims fall to 3 1/2-month low of 222,000 but U.S. layoffs still near record low
The number of people who applied for unemployment benefits in the first week of September fell to a more than three-month low of 222,000, a sign that layoffs remain near a record low even as the U.S. economy slows.
GDP primed to grow again after two straight declines stoked recession debate
The economy supposedly shrank in the first six months of 2022 and sparked a fierce debate in Washington over whether the U.S. had sunk into recession. But even if it did, the economy is primed to grow again in the third qu...
Most Popular
‘Vulnerable time for the housing market’: Mortgage rates are now double what they were a year ago, and will weigh on house prices
The U.S. 30-year fixed-rate mortgage averaged 5.66% as of Sept. 1, according to data released Thursday by Freddie Mac.
U.S. trade deficit sinks to nine-month low and is set to help turn GDP positive
The U.S. trade deficit fell 12.6% in July to a nine-month low of $70.6 billion, reflecting a smaller appetite among Americans for imports and a strong dollar that's making foreign goods less expensive to buy.
U.S. ISM services-sector index hits highest level in four months
The ISM barometer of the service sector in August rose to 56.9 in August from 56.7 in the prior month.
The jobs market is still on fire by this measure — so don’t expect Fed to back off
A scorching U.S. jobs market caught a slight chill in August, but the Federal Reserve aims to keep raising interest rates aggressively until demand for labor cools off a lot more.
U.S. factory orders drop sharply in July
Orders for manufactured goods fell 1% in July, the Commerce Department said Friday
U.S. gains 315,000 jobs in August. Labor market still strong but shows sign of cooling.
The U.S. added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow.
Here’s another sign high U.S. inflation is starting to wane
The highest U.S. inflation in almost 41 years appears to be starting to ease. The latest evidence is slower price growth for business supplies.
U.S. factories expand again, ISM finds, in sign economy is still growing steadily
A key barometer of American factories held steady at 52.8% in August, with employment and new orders rising and inflation slowing. The latest ISM report signals the economy is still growing at a steady if slower pace.
U.S. construction spending softens in July
Construction of new homes, commercial buildings, and other items, fell 0.4% in July, according to the U.S. Commerce Department.
Jobless claims tumble to nine-week low of 232,000. U.S. layoffs still historically low.
The number of people who applied for unemployment benefits at the end of August fell to a nine-week low of 232,000, showing no sign that a slowing U.S. economy is triggering widespread layoffs.
U.S Q2 labor productivity decline not as large as initially estimated
U.S. labor productivity fell a revised 4.1% in the second quarter, not as steep a decline as the initial estimate of a 4.6 % drop.
‘Demand continues to shrink due to higher rates and a weaker economic outlook’: Number of mortgage applications fall. But there’s still good news for buyers.
The housing market continues to weaken as mortgage applications decrease 3.7% from a week earlier, the Mortgage Bankers Association said on Wednesday.
Chicago PMI holds steady in August
The Chicago Business Barometer, also known as the Chicago PMI, inched up to 52.2 in August from 52.1 in the prior month.
Job growth slows for second straight month in August, revamped ADP data show
U.S. private employers created 132,000 jobs in August, down from 270,000 jobs in the prior month, new data from ADP showed Wednesday.
Housing market ‘weakening sharply’ from April’s peak, led by Seattle, San Francisco and San Diego
The S&P CoreLogic Case-Shiller 20-city index decelerated to a 18.6% year-over-year gain in June down from 20.5% in the previous month.
Job openings climb to 11.2 million and show U.S. labor market still going strong
Job openings in the U.S. rose to 11.2 million in July --- the first increase in four months --- but companies aren't being as aggressive in trying to fill them in light of a slowing economy.
Consumer confidence rises for first time in four months on cheaper gas and slower inflation
A survey of U.S. consumer confidence rose in August for the first time in four months thanks to falling gasoline prices, suggesting a slowing economy stabilized toward the end of summer.
Mortgage rates rise amid signs of ‘waning demand’ for homes
The 30-year fixed-rate mortgage averaged 5.55% as of Aug. 25, Freddie Mac says. That’s up 42 basis points from last week.
US consumer outlook improves in August as inflation expectations fall to 8-month low
A survey of U.S. consumers saw sentiment rise in August as falling prices for gasoline helped bring expectations for inflation to their lowest level since December of last year.
U.S. consumer spending barely rises in July, but cheaper gas plays a role
Consumer spending rose a scant 0.1% in July, held down by tumbling gas prices. Yet overall spending outpaced inflation and signaled the U.S. economy is still growing and unlikely to tip into recession soon.
