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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The Home Affordable Refinance Program will now expire on December 31, 2018 after an extension was granted. The Federal Housing Finance Agency has extending its Home Affordable Refinance Program (HARP) for another year. Fannie Mae and Freddie Mac have already refinanced 3.4 million homeowners through the program. It is believed that an additional 143,000 GSE
READ MOREThe factory activity survey from the Philadelphia Federal Reserve fell to 18.9 from 19.5, the regional bank said. Economists had expected a steeper decline, to 17.0. But the report’s details were stronger than the headline. The new orders gauge surged to 20.4 from 2.1, signalling stronger growth in the future, and the measure of shipments
READ MOREThe number of Americans who sought unemployment benefits in mid-August fell to the lowest level in six months, mirroring the strongest U.S. labor market in almost two decades. Initial jobless claims in the period running from Aug. 6 to Aug. 12 declined by 12,000 to 232,000, the Labor Department said Thursday. That’s the lowest level
READ MOREThe Federal Reserve engaged in an intense debate in July about the path of U.S. inflation after a spate of surprisingly low readings, raising questions about whether the central bank will raise interest rates again this year. The Fed’s policy-setting group appeared more unified on a plan to announce in September a long-awaited drawdown of
READ MOREMost senior Federal Reserve officials wanted to wait until an “upcoming” meeting to unveil a long-awaited selloff of the central bank’s $4.5 trillion in bond holdings, hinting at an announcement in September, according to minutes of the Fed’s meeting in July. The Fed also engaged in a deep debate over surprisingly low inflation readings, with
READ MOREBuilders broke ground on fewer homes in July, but new-home construction continues to grind slowly and steadily higher, supporting a gradually improving housing market. Housing starts ran at a 1.16 million seasonally adjusted annual rate, the Commerce Department said Wednesday. That’s 4.8% below June’s pace, and 5.6% lower compared to a year ago.
READ MORESentiment among homebuilders rebounded in August after tumbling to an 8-month low in the prior month, according to an industry report out Tuesday. The monthly confidence gauge from the National Association of Home Builders jumped four points to a reading of 68.
READ MORESales at retailers nationwide jumped 0.6% last month, the government said Tuesday. Economists polled by MarketWatch had forecast a 0.4% increase. A mysterious decline in spending at the end of the second quarter, meanwhile, vanished after fresh government revisions based on newly incorporated sales data. Retail sales actually rose 0.3% in June instead of falling
READ MORESt. Louis Fed President James Bullard said Wednesday that Fed officials have been surprised by the low inflation readings this year. He and a minority of other Fed officials want the Fed to pause from its gradual rate hikes until inflation moves higher. Fed officials had been confident that inflation would hit the 2% target
READ MOREU.S. consumer prices remained soft for the fifth straight month in July, raising more questions about whether inflation will eventually rise to hit the Federal Reserve’s 2% annual rate target. The consumer price index rose a seasonally adjusted 0.1% in July, the Labor Department said Friday. Food prices rose 0.2% in July while energy prices
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