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.
President Obama, while vacationing on Martha’s Vineyard in Massachusetts, announced Tuesday morning that he nominated Ben Bernanke for a second four-year term as head of the Federal Reserve. Obama opened his announcement by saying that… Bernanke Nominated for Fed Chairman
Speaking at an annual conference in Wyoming, Federal Reserve Chairman Ben Bernanke gave an optimistic view of the economy on Friday. Bernanke said that Federal Reserve policies implemented in recent months have helped to stabilize… Bernanke Offers Optimistic Outlook
Sales of existing homes have increased for four months in a row for July, according to a report released today by the National Association of Realtors (NAR). Existing-home sales – including single-family, townhomes, condominiums, and… Existing Home Sales Up for the Fourth Consecutive Month
Mortgage application volume increased for the week ending August 14, according to a report released Wednesday by the Mortgage Bankers Association (MBA). The Market Composite Index, a measure of mortgage loan application volume, increased 5.6%… Mortgage Application Volume Up for Last Week
New construction of homes dipped in July following a surge in June, according to a joint report released today by the Department of Housing and Urban Development and the U.S. Commerce Department’s Bureau of the… Housing Starts Dip in July
Builder confidence in August rose one point to its highest point in over a year, according to the latest reading of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). After a… Builder Confidence Rises to Highest Point in Over a Year
Layoffs in the job market appear to be easing somewhat, though continued claims show that Americans are still having trouble finding work. There were 550,000 new claims – seasonally-adjusted – for unemployment benefits in the… New Jobless Claims Dip Slightly
Pending home sales were up for the fifth straight month in June, according to a report released yesterday by the National Association of Realtors. It was six years ago – June 2003 – the last… Pending Home Sales up for Fifth Straight Month in June 2009
On Monday, the Department of Energy (DOE) announced that Michigan was awarded $32 million and Iowa received $16 million in Recovery Act funding to go towards energy projects. Then ten states on Wednesday were awarded… States Awarded Recovery Act Funds for Energy Program
A bogus mortgage foreclosure prevention operation has been charged with violating the FTC Act by fraudulently claiming they could prevent foreclosure. The fake company not only failed to deliver on their promises and refused to… Bogus Foreclosure Prevention Company Halted by Federal Court