US construction spending rises as private outlays hit record high

The Commerce Department said on Thursday construction spending rose 0.7 percent to an all-time high of $1.25 trillion....(read more)

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Rates Continue to Rise

Rates Continue to Rise...(read more)

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Weekly Initial Unemployment Claims decrease to 230,000

The DOL reported : In the week ending January 27, the advance figure for seasonally adjusted initial claims was 230,000 , a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 233,000 to 231,000. The 4-week moving average was 234,500, a decrease of 5,000 from the previous week's revised average. The previous week's average was revised down by 500 from 240,000 to 239,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. emphasis added The previous week was revised down. The......(read more)

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House passes bills to facilitate online banking, allow federal savings associations to exercise national bank powers

The following bills were passed by the House earlier this week: The “Making Online Banking Initiation Legal and Easy (MOBILE) Act, H.R. 1457.  Passed by a vote of 397-8, the MOBILE Act would allow a bank to scan and retain personal information from a state-issued driver’s license or personal identification card when an individual seeks... Continue Reading…...(read more)

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BofA Sees Bond Yields Rising More as Investors Catch Up to Fed

Bloomberg BofA Sees Bond Yields Rising More as Investors Catch Up to Fed Bloomberg So says a Bank of America Merrill Lynch global research report released Wednesday. U.S. economist Michelle Meyer and her colleagues argue that the market hasn't fully taken into account how far the Federal Reserve intends to raise interest rates. While ......(read more)

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Bonds are in 'mild bear market,' says Bill Gross

Bill Gross predicts the 10-year Treasury will go "very gradually but not significantly higher," in the next 12 months....(read more)

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Fannie Mae Releases December 2017 Monthly Summary ...

News Release. Share This: January 31, 2018. Fannie Mae Releases December 2017 Monthly Summary. Katie Penote. 202-752-2261. ......(read more)

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