Mortgage loan applications fell again this week, the Mortgage Bankers Association said, as fewer people are purchasing homes, or refinancing their loans.
The economy supposedly shrank in the first six months of 2022 and sparked a fierce debate in Washington over whether the U.S. had sunk into recession. But even if it did, the economy is primed to grow again in the third qu...
‘Vulnerable time for the housing market’: Mortgage rates are now double what they were a year ago, and will weigh on house prices
The U.S. 30-year fixed-rate mortgage averaged 5.66% as of Sept. 1, according to data released Thursday by Freddie Mac.
The U.S. trade deficit fell 12.6% in July to a nine-month low of $70.6 billion, reflecting a smaller appetite among Americans for imports and a strong dollar that's making foreign goods less expensive to buy.
The ISM barometer of the service sector in August rose to 56.9 in August from 56.7 in the prior month.
A scorching U.S. jobs market caught a slight chill in August, but the Federal Reserve aims to keep raising interest rates aggressively until demand for labor cools off a lot more.
Orders for manufactured goods fell 1% in July, the Commerce Department said Friday
The U.S. added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow.
The highest U.S. inflation in almost 41 years appears to be starting to ease. The latest evidence is slower price growth for business supplies.
A key barometer of American factories held steady at 52.8% in August, with employment and new orders rising and inflation slowing. The latest ISM report signals the economy is still growing at a steady if slower pace.
Construction of new homes, commercial buildings, and other items, fell 0.4% in July, according to the U.S. Commerce Department.
The number of people who applied for unemployment benefits at the end of August fell to a nine-week low of 232,000, showing no sign that a slowing U.S. economy is triggering widespread layoffs.
U.S. labor productivity fell a revised 4.1% in the second quarter, not as steep a decline as the initial estimate of a 4.6 % drop.
‘Demand continues to shrink due to higher rates and a weaker economic outlook’: Number of mortgage applications fall. But there’s still good news for buyers.
The housing market continues to weaken as mortgage applications decrease 3.7% from a week earlier, the Mortgage Bankers Association said on Wednesday.
The Chicago Business Barometer, also known as the Chicago PMI, inched up to 52.2 in August from 52.1 in the prior month.
U.S. private employers created 132,000 jobs in August, down from 270,000 jobs in the prior month, new data from ADP showed Wednesday.
The S&P CoreLogic Case-Shiller 20-city index decelerated to a 18.6% year-over-year gain in June down from 20.5% in the previous month.
Job openings in the U.S. rose to 11.2 million in July --- the first increase in four months --- but companies aren't being as aggressive in trying to fill them in light of a slowing economy.
A survey of U.S. consumer confidence rose in August for the first time in four months thanks to falling gasoline prices, suggesting a slowing economy stabilized toward the end of summer.
The 30-year fixed-rate mortgage averaged 5.55% as of Aug. 25, Freddie Mac says. That’s up 42 basis points from last week.
A survey of U.S. consumers saw sentiment rise in August as falling prices for gasoline helped bring expectations for inflation to their lowest level since December of last year.
Inflation falls for first time in more than two years, key U.S. gauge shows, due to sinking gas prices
A key gauge of U.S. inflation fell in July for the first time in more than two years thanks to tumbling gas prices, giving Americans some relief from a rapidly rising cost of living.
Consumer spending rose a scant 0.1% in July, held down by tumbling gas prices. Yet overall spending outpaced inflation and signaled the U.S. economy is still growing and unlikely to tip into recession soon.
The economy contracted at an annual 0.6% pace in the second quarter, updated figures show, as high inflation and rising interest rates sapped U.S. growth.
The number of people who applied for unemployment benefits last week fell to a one-month low of 243,000, indicating layoffs remain near record lows and that a tight labor market is keeping the U.S. economy moving forward.