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I spent Sunday in a self-congratulatory mood, as I reveled in the idiocy of other people. Smugness feels good.
If you were designing a stadium in Minneapolis, would you make sure it could withstand a 17-inch snowfall? Of course you would. Heavy snowfalls in Minneapolis are predictable. So why did the Metrodome’s architects design an inflatable
Mortgage rates hit a high last seen in early June in this week’s Bankrate.com survey. Marcie Geffner investigates why.
The 30-year fixed has gone up almost half a percentage point in five weeks. I don’t think I’ve seen a complete and convincing explanation for why mortgage rates have risen so quickly.
Geffner mentions the Fed’s quantitative easing,
Investors, economists and observers expected an upbeat employment report today. They didn’t get it. Mortgage rates are likely to stop rising as a result, and they might fall.
Nonfarm payrolls grew by 39,000 in November, according to the Labor Department. According to Briefing.com, the consensus forecast was that nonfarm payrolls would register an increase of about
Mortgage rates climbed to their highest level since July, according to Bankrate’s weekly mortgage analysis, in which Marcie Geffner explores why rates are rising in this time of quantitative easing.
Rates are even higher today than they were yesterday morning, when Bankrate’s research department was gathering the data. Our researchers caught rates on an elevator that
WikiLeaks will release thousands of documents from “a big U.S. bank” early in 2011, the site’s founder promises.
In an interview with Forbes.com, WikiLeaks founder Julian Assange compares the upcoming bank megaleak to the Enron e-mails. “You could call it the ecosystem of corruption,” Assange says, adding that “there will be some flagrant violations, unethical practices
Big-city home prices went down in the third quarter of this year, after having risen during the second quarter, when folks were scrambling to seize the homebuyer tax credit.
The national home price index fell 2 percent from July through September, according to the S&P/Case-Shiller indexes. During the second quarter of this year, the national home
For mortgage rates, the most important item on this week’s economic calendar is Friday’s release of the November employment report. A better-than-expected report could lead to an increase in mortgage rates. If the jobs report is worse than expected, there’s a chance that mortgage rates could fall. But rates already are low, so a bad
Mortgage rates fell this week, just a little, Marcie Geffner writes in this week’s mortgage analysis. Benign news on consumer prices seems to have had something to do with it.
In this week’s Rate Trend Index, a plurality of voters expect mortgage rate to remain relatively unchanged over the next week. That’s my view, too, although
This week’s economic calendar is squeezed into two days — Tuesday and Wednesday. None of this week’s data will influence mortgage rates much. The first item is Tuesday’s second estimate of gross domestic product in the third quarter. According to Briefing.com, the consensus is that the economy grew at a 2.4 percent annual rate in
I’m going to answer questions about today’s mortgage market in a live chat at 2:30 p.m. eastern time Friday, Nov. 19. It’ll last half an hour. West Coasters, take an early lunch and log on.
It will be here. You can sign up there now for an email reminder shortly before the chat begins.
