Business Paper Economy

  • Mortgage rates dip to a 16-month low (+video)

    Mortgage rates for a 30-year fixed rate loan fell to 4.08 percent since last week, the lowest in nearly a year and a half. In addition to falling mortgage rates, the the purchase application volume decreased 1 percent and the refinance application volume increased 11 percent over the same period.

  • US construction spending show mixed results in May

    The US Census Bureau released the latest read on construction spending Tuesday, showing a mixed bag for May. Both total private construction spending and single family construction spending declined, but non-residential construction spending increased.

  • Construction spending slumps in June

    Construction spending in the US declined in June, according to the US Census Bureau. Total residential spending declined 0.3 percent from May, although construction spending is 7.4 percent higher in June compared to last year. 

  • Total unemployment in July rose to 12.2 percent

    US total unemployment increased to 12.2 percent in July, according to Bureau of Labor Statistics. The traditionally-reported unemployment rate also rose to 6.2 percent.

  • Pending home sales dip with supply shortages, flat wages

    Pending home sales in the US declined 1.1 percent in June, according to the National Association of Realtors. There are conditions that deter potential buyers, such as a shortage of homes in parts of the country.

  • US new home sales drop in June

    New home sales in the US fell 8.1 percent in June, signaling that real estate is still a weak spot in the US economy. June US new home sales are also 11.5 percent below June 2013 levels.

  • US economic activity weakens, Chicago Federal Reserve finds

    National economic activity weakened in June, according to the Chicago Federal Reserve National Activity Index. The Chicago Federal Reserve's index used 85 indicators of national economic activity in four overall categories. 

  • US retail sales tick up in June

    US retail sales rose 0.2 in June from May and are up 4.3 percent since last year, according tot he US Census Bureau. Sales of nominal 'discretionary items' such as home furnishings and consumers fell from May's levels but are higher compared to last year. 

  • Rate for 30-year mortgage ticks up, MBA finds

    Mortgage rates for 30 year and 15 year fixed rate mortgages went up, according to the Mortgage Bankers Association. Mortgage rates, however, are still down from the sky-high levels back in 2007 before the Great Recession and the housing market collapsed.

October 25, 2014

Photos of the weekend

Competitors participate in the Tough Mudder challenge near Winchester in southern England Saturday.

More Paper Economy
  • Mortgage rates fall to 4.16 percent

    Mortgage rates for a 30-year fixed mortgage fell four basis points to 4.16 percent since last week. Mortgage rates have been falling steadily since the beginning of 2014. 

  • Number of long-term unemployed workers declines, but still far from pre-recession levels

    The US Department of Labor released its employment situation report on Friday. Less workers were employed for 27 weeks or longer, but the US still has a long way to go before returning to pre-recession levels.

  • Weekly jobless claims report shows mixed results

    The US Department of Labor released its weekly jobless claims report on Thursday. Initial unemployment claims increased by 8,000, but continued unemployment claims decreased by 20,000.

  • ADP: Private sector added 179,000 jobs in May

    The private sector added 179,000 jobs in May, according to the ADP's latest National Employment Report. This brought up total employment level 2.06 percent higher than it was in May 2013.

  • Census: Construction spending in April has mixed results

    The US Census Bureau released their latest read on construction spending. Total private construction spending and single family construction spending since March has gone up, while non-residential construction spending declined.

  • New home sales jump 6.4 percent in April

    The US Census Department released its monthly New Residential Home Sales Report for April on Saturday. Sales are improving, but home sales aren't at the level as they were in recent years.

  • Mortgage rates fall to 4.34 percent

    The average rate for a 30 year fixed rate mortgage (from FHA and conforming GSE data) decreased 2 basis points to 4.34 percent since last week while the purchase application volume declined 4 percent and the refinance application volume declined 7 percent over the same period.

  • ADP: Private employers add 220,000 jobs in April

    Private employers added 220,000 jobs during the month of April, bringing the total employment level 2.06% above the level seen in April 2013. 

  • Mortgage rates rise to 4.37 percent

    Rates for a 30-year fixed mortgage climbed to an average 4.37 percent since last week, while the purchase application volume declined 3 percent and the refinance application volume declined 4 percent over the same period. 

  • Home prices rise in February

    Home prices increased 0.63 percent in February and 6.88 percent above the level seen in February 2013. 

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