US economic recovery ramps up as 2Q GDP hits 3.1%

  • September 28, 2017
  • no comment
  • realestate

The U.S. economy grew a bit faster than previously estimated in the second quarter, recording its quickest pace in more than two years.

READ MORE

Inflation Is No Mystery to the Bond Market

  • September 28, 2017
  • no comment
  • realestate

The Federal Reserve and other central banks have been on a quest since 2012 to get inflation back up to levels they deem appropriate for a stable, growing economy. There have been many setbacks along the way, leaving central bankers stumped, with Fed Chair Janet Yellen saying the slowdown in inflation has been a “mystery.”

READ MORE

Treasurys extend selloff as Trump’s tax plan weighs on government bonds

  • September 28, 2017
  • no comment
  • realestate

In the past, bond investors have been skeptical of prospects for tax legislation. But with more concrete details unveiled, Treasurys have seen selling pressure. Nonetheless, analysts feel there are plenty of stumbling blocks that could serve as roadblocks.

READ MORE

Durable-goods orders jump 1.7% in August

  • September 27, 2017
  • no comment
  • realestate

Durable-goods orders climbed 1.7% last month, the government said Wednesday. Economists polled had forecast a 1% gain. The increase stemmed mainly from a big batch of orders for commercial aircraft. Bookings surged 45%. Demand was higher for most other manufactured goods, but orders grew at a smaller pace. Orders minus transportation edged up 0.2%. A

READ MORE

US consumer confidence takes a hit from hurricanes

  • September 26, 2017
  • no comment
  • realestate

American consumers feel a bit less confident this month, their spirits pulled down by Hurricanes Harvey and Irma. The Conference Board says its consumer confidence index fell to 119.8 in September from 120.4 in August. Conference Board economist Lynn Franco says that confidence “decreased considerably” in hurricane-hit Florida and Texas.

READ MORE

New Home Sales Disappoints

  • September 26, 2017
  • no comment
  • realestate

August New Home Sales 560K vs. estimates of 588K

READ MORE

Dudley sees Fed rate hikes as U.S. inflation weakness fades

  • September 25, 2017
  • no comment
  • realestate

New York Fed President William Dudley, among the first U.S. central bankers to speak publicly since their decision last week to hold rates steady for now, cited the soft dollar and strong overseas growth among the reasons he expects slightly above-average U.S. economic activity and a long-sought rise in wages. “With a firmer import price

READ MORE

Another strong gain in leading indicators points to U.S. economy picking up speed

  • September 22, 2017
  • no comment
  • realestate

  A broad measure of U.S. economy posted another large increase in August, the latest in a string of strong readings that point to faster growth in the months ahead. The leading economic index jumped 0.4% last month to cap off a summer of high readings, the Conference Board said Thursday.

READ MORE

U.S. Jobless Claims Unexpectedly Fall to 259,000

  • September 21, 2017
  • no comment
  • realestate

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending September 16 decreased by 23,000 to a seasonally adjusted 259,000 from the previous week’s revised total of 282,000 (initially 284,000).

READ MORE

US Treasurys higher after Fed suggests December rate hike

  • September 21, 2017
  • no comment
  • realestate

The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was lower at around 2.2694 percent, while the yield on the 30-year Treasury bond was also lower at 2.8097 percent. As widely expected, the U.S. central bank said Wednesday it would begin trimming its massive holding of U.S. Treasurys and mortgage-backed securities

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.