AP – Consumer borrowing falls sharply in May, marking the 15th decline in the past 16 months.
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AP – Consumer borrowing falls sharply in May, marking the 15th decline in the past 16 months.
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Reuters – Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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Reuters – Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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Reuters – Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.
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Reuters – A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday.
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Reuters – The pace of job losses in the private sector slowed in January as employers reported the smallest payroll decline in nearly two years while demand for home loans hit a six-week high last week, data showed on Wednesday.
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AP – Rates for 30-year home loans inched downward this week, the first decline in a month, but remained above last month’s record lows.
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AP – The average fixed-rate for a 30-year mortgage climbed above 5 percent for the first time in two months, leading to a decline in mortgage applications.
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AP – The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.
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AP – Consumers likely borrowed less for a record ninth straight month in October as households faced tight credit conditions and unemployment that hit a 26-year high. A further decline in borrowing would be more evidence of weak consumer spending, making it harder for the economy to mount a sustained rebound.
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