AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
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AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
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AP – BORROWING UP: Consumer credit rose by $4.96 billion in January, breaking a record string of 11 consecutive declines.
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AP – New signs emerged Wednesday that the economic rebound is sputtering. Sales of new homes hit a record low last month. And mortgage giant Freddie Mac signaled it will need more federal aid — and might never repay it.
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Reuters – Sales of new homes unexpectedly fell to a record low in January while demand for loans to buy homes hit a 13-year low last week, fanning fears of renewed weakness in the housing market.
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AP – Rates for 30-year home loans edged lower for the second straight week, a report said Thursday, but remained above last year’s record lows.
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Reuters – Applications for U.S. home mortgages fell slightly last week even as interest rates held near record low levels below 5 percent, an industry group said on Wednesday.
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AP – The percentage of homeowners late with mortgage payments hit another record during the last three months of 2009, and the pace at which they fell behind took a turn for the worse, a new report says.
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AP – Rates on 30-year mortgages remained almost flat this week as the Federal Reserve said it would keep rates near record lows to help the economy recover.
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AP – Rates for 30-year home loans fell to a shade below 5 percent this week but remained above last month’s record lows.
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AP – Rates for 30-year home loans fell to a shade below 5 percent this week but remained above last month’s record lows.
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