The central bank votes thumbs-down to an increase in interest rates, kicking the can down the road to at least September.
Home-shoppers, be cheerful: Job growth in June was surprisingly high, but the news hasn’t had much effect on mortgage rates. They’re staying near record lows. Read this week’s mortgage analysis, in which the 30-year-fixed fell to just shy of its all-time low at 3.52%. RATE SEARCH: Ready to shop for a mortgage? Find the best
More than a million dwellings needed to be built last year just to keep up with the new households that were created. Yet only 620,000 new housing units were completed, meaning that the nation fell short by 430,000 homes. And that’s just in 1 year. So says Laurie Goodman, codirector of the Urban Institute’s Housing
The Fed shelves a June hike in the federal funds rate — the rate at which banks and credit unions lend reserves to other institutions overnight.
CoreLogic economists say they expect mortgage rates to rise — that’s a safe bet — so they think refinances will dry up.
Markets don’t like uncertainty, and a Trump win for the presidency would seem more conducive to unpredictability than a Clinton victory would.
April job growth was more anemic than before. The question is whether the economy will hit a more dramatic slow patch in the months ahead.
A survey from CareerBuilder.com finds 67% of employers plan to hire recent graduates.
Policymakers at the Federal Reserve have opted to keep interest rates frozen.
The International Monetary Fund downgrades the outlook for global economic growth, citing diminished momentum in the U.S. and Japan among the reasons.