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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
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.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Reuters – New U.S. housing starts in October unexpectedly fell to their lowest level in six months, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings, a government report showed on Wednesday.
If you enjoyed this post, make sure you subscribe to my RSS feed!
AFP – US consumer credit posted a record plunge in July, the sixth monthly decline, as Americans bridled spending amid rising unemployment and an ailing economy, Federal Reserve bank data showed Tuesday.
If you enjoyed this post, make sure you subscribe to my RSS feed!
