Dow notches longest losing streak since August 2011

The Dow Jones Industrial Average fell for an eighth session on Monday, its longest losing streak since August 2011 as the market sentiment weakened following the health-care bill debacle last week. The failure of House Republicans to garner support for the the American Health Care Act also cast doubt on President Donald Trump's ambitious agenda to lower taxes and rollout fiscal stimulus. The Dow shed 45 points, or 0.2%, to end at 20,551 while the S&P 500 fell 2 points, or 0.1%, to close at 2,341. However, the Nasdaq Composite Index rose 11 points, or 0.2%, to finish at 5,840....(read more)

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Evans Says Two Fed Hikes in 2017 May Be Right

Bloomberg Evans Says Two Fed Hikes in 2017 May Be Right Bloomberg Federal Reserve Bank of Chicago President Charles Evans said two interest-rate increases may be the right amount of tightening for the U.S. economy this year given uncertainty surrounding the outlook for inflation and government spending. "To the ... and more »...(read more)

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America's Housing Inventory Problem, Explained in Four Charts

Bloomberg America's Housing Inventory Problem, Explained in Four Charts Bloomberg The paucity of houses on the market remains a nagging hurdle for those Americans interested in trading up or looking to take their first step into homeownership. The most important market news of the day. Get our markets daily newsletter. Sign Up. and more »...(read more)

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Freddie Mac: Mortgage Serious Delinquency rate declines in February, Lowest since June 2008

Freddie Mac reported that the Single-Family serious delinquency rate in February was at 0.98%, down from 0.99% in January.  Freddie's rate is down from 1.26% in February 2016. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since June 2008. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger image Although the rate is still declining, the rate of decline has slowed. Maybe the rate will decline another 0.25 percentage points or so to a cycle......(read more)

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Fixing housing could bring $300 billion back to US economy, new data show

Feeble U.S. economic growth since the Great Recession is due almost entirely to a plunge in homeownership, according a Rosen study....(read more)

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6 secrets to a better credit score

Here's the lowdown on your credit score and how to improve it....(read more)

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Lenders' Economic Optimism Reaches Survey High As Profit ...

News Release. Share This: March 27, 2017. Lenders' Economic Optimism Reaches Survey High As Profit Outlook Remains Subdued. ......(read more)

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