Stay updated on financial news, market trends, and economic changes that affect your money. From interest rate hikes to government policy shifts, we break down what’s happening now—and what it means for your finances.
Delinquencies for loans on one to four-unit homes rose to a seasonally-adjusted rate of 9.64% of all outstanding mortgages in the U.S. for the third quarter, the Mortgage Bankers Association (MBA) reported today. Non-adjusted, the… Third Quarter Foreclosures & Delinquencies at All Time High
Builder confidence in the market for newly-built single-family homes remained unchanged at a low level in November, according to a report released on Tuesday by the National Association of Home Builders (NAHB). The NAHB/Wells Fargo… Builder Confidence Remains Weak
On Monday, as part of its effort to increase consumer protections, the Federal Reserve Board announced proposed new rules that would restrict the fees and expiration dates that may eat up the value of gift… Fed Proposes New Gift Card Rules
New jobless claims for the week ending November 7 was 502,000, seasonally-adjusted, which is down 12,000 from the previous week’s revised figure 514,00, the Department of Labor (DOL) reported on Thursday. The four-week moving average,… New Jobless Claims Decrease
On Tuesday, the Obama Administration released the next monthly report for the Making Home Affordable loan modification program. As part of the administration’s ongoing commitment to transparency, the report includes for the first time state-specific… Treasury Releases Data on Making Home Affordable Program
Existing-home sales continue to rise in most states across the U.S. for the third quarter, according to a report released today by the National Association of Realtors (NAR). From the second quarter, sales rose in… Existing Home Sales in Third Quarter Rise in Most States
To help the housing recovery along and aid in stimulating the economy, President Obama signed an expanded and extended homebuyer’s tax credit last Friday. The $8000 first-time home-buyer’s credit was set to expire on November… Home Buyer Credit Extended and Expanded
Pending home sales rose for the eighth straight month of consecutive gains – the longest winning streak since measurement in 2001 – according to a report released today by the National Association of Realtors (NAR).… September Pending Home Sales – 8 Month Winning Streak
Nine more U.S. banks failed on Friday – all subsidiaries of one company, the FBOP Corporation. The banks were located mostly in the West: Arizona, California, Illinois, and Texas. The FDIC entered into a purchase… Nine Banks Fail on Friday
The Department of Energy (DOE) announced on Thursday awards of $338 million in Recovery Act funding for the development domestic geothermal energy. The grants will be used to support 123 projects in 39 states for… $338 Million in Recovery Act Funding to Support Geothermal Energy