Archive for the ‘Lows’ tag
The Home Equity ATM Machine Slows in First Half of 2008
Whatever else is going on in the housing market, it appears that
Americans are no longer using their homes as gigantic credit
cards to finance new cars, tuition, and vacations.
Freddie Mac’s report on cash-out refinancing for the first half of
2008 showed that the number of homeowners taking that option was the
lowest in three years.
Still, a substantial number of those refinancing Freddie Mac-owned
loans approximately 66 percent did so with new loans that were…
Why Short-Term Trends In Housing Are Super-Important To Home Buyers
Consumer confidence is registering all-time lows and it’s no surprise why. Americans are bombarded by bad economic news day after day. Oil prices reach new highs Stock prices reach new lows Lenders are getting sued The weight of the gloom drags down the economy and the press is quick to report on…
Read the full post at http://www.themortgagereports.com
U.S. Jobless Claims Rise to 366K in Week Ending July 12
Initial claims for unemployment benefits in the
United States rose much less than expected to 366k in the week ending
July 12, following a slightly revised 348k in the previous week.
Continuing claims fell back 81k to 3.122 million for the week ending July
5, the Department of Labor reported Thursday.
The 18k rise in initial claims follows a drop of 56k in the previous
week’s survey.