Economy

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Homebuilder sentiment bounces back despite ongoing supply chain problems

Homebuilder sentiment bounces back despite ongoing supply...

Homebuilder confidence rose in October thanks to strong buyer demand.

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Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast

Mortgage originations will drop 33% in 2022 as interest...

The average rate on the popular 30-year fixed loan will rise to 4%, a full percentage...

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Fed's Barkin backs tapering plans and expresses concern about inflation

Fed's Barkin backs tapering plans and expresses concern...

Richmond Fed President Thomas Barkin said he's on board with reducing the amount...

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Retail sales unexpectedly rise in September as consumers keep spending

Retail sales unexpectedly rise in September as consumers...

Consumers spent at a much faster pace than expected in September, defying expectations...

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Weekly mortgage demand stalls, as rates jump to highest level since June

Weekly mortgage demand stalls, as rates jump to highest...

Mortgage rates continued their trudge higher last week, leaving most homeowners...

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A record 4.3 million workers quit their jobs in August, led by food and retail industries

A record 4.3 million workers quit their jobs in August,...

Job openings declined sharply in August while hiring also fell and the level of...

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Jobless claims post sharp decline to 326,000, better than expectations

Jobless claims post sharp decline to 326,000, better than...

Initial filings for jobless benefits were expected to total 345,000 for the week...

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As mortgage rates shoot even higher, refinance demand plummets 10%

As mortgage rates shoot even higher, refinance demand plummets...

A sharp jump in mortgage interest rates over the past few weeks is taking its toll...

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Companies hired at a brisk pace in September despite fears about Covid and the economy, ADP says

Companies hired at a brisk pace in September despite fears...

Private jobs rose by 568,000 for the month, better than the Dow Jones estimate of...

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Fed’s Evans sees inflation falling below central bank's 2% target after current rise subsides

Fed’s Evans sees inflation falling below central bank's...

The current spate of inflation won't last and ultimately will fall below the Federal...

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U.S. faces a recession if Congress doesn't address the debt limit within 2 weeks, Yellen says

U.S. faces a recession if Congress doesn't address the...

Treasury Secretary Janet Yellen believes the economy would fall into a recession...

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Yellen sees inflation staying higher for the next several months

Yellen sees inflation staying higher for the next several...

Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting...

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Yellen lends support for effort to remove the debt ceiling altogether

Yellen lends support for effort to remove the debt ceiling...

Treasury Secretary Janet Yellen said Thursday she would just as soon see the power...

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Sen. Warren calls Fed Chair Powell a 'dangerous man,' says she will oppose his renomination

Sen. Warren calls Fed Chair Powell a 'dangerous man,' says...

Sen. Elizabeth Warren charged that Fed Chairman Jerome Powell has led an effort...

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Mortgage demand falls as rates rise to highest level since July

Mortgage demand falls as rates rise to highest level since...

Higher rates caused mortgage demand to drop for refinances and home purchases.

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