Mortgage rates fall to new low for the year, but loan volume for home buyers and refinancers also drops. Historically low mortgage rates are not enough to boost demand, says Mortgage Bankers Association.
A record 226 million shoppers visited stores and websites over Black Friday weekend, up from 212 million last year. But the mood remains one of caution and strategic buying for the rest of the holiday season.
Although 30-year mortgages are at historic lows, some economists say rates on 30-year mortgages could fall further. So should you wait before refinancing?
Lower interest rates for mortgages, other loans could help consumers. But Fed's move to lower interest rates hurts savers and may not buoy stocks.
The Federal Reserve announced Wednesday that it will drive down long-term interest rates through a strategy called 'Operation Twist.' The move has already pushed mortgage rates to historic lows, but Wall Street appears to have doubts about the plan's broader economic impact.
Netflix has angered many of its customers with its new plan to split its service into two while raising prices. Netflix stock (NFLX) has lost a quarter of its value in the past week.
UPDATE: No net growth in new jobs in August kept the US unemployment rate at 9.1 percent. Six reasons the country is struggling to put people to work – and why it may not last.
As the clock ticks down on the debt-limit deadline, financial advisers say the worst thing ordinary investors can do is panic and sell. The assumption is still that some kind of deal will get done.