Seasonally adjusted mortgage application activity rose 4.8% last week, according to MBA’s Weekly Mortgage Applications Survey for the week ending December 5. Unadjusted applications jumped 49% from the prior week, reflecting a rebound following the Thanksgiving-related slowdown. The Refinance Index surged 14% from the previous week and remains 88% higher than the same week one […]
Mortgage Apps Bounce Back, Led By Refi Reversal Read More »
(Image credit: Getty Images) Investors, traders and speculators welcomed beat-and-raise earnings announcements from two up-and-coming technology companies and a positive forecast from an aircraft maker as the main U.S. equity indexes got back into the green on Tuesday. Momentum ebbed briefly, but fundamentals grounded in the AI revolution and the power of flight carried the
Stocks Bounce Back With Tech-Led Gains: Stock Market Today Read More »
(Image credit: Getty Images) Stocks were choppy to start Friday, but took a notable turn higher after a speech from New York Fed President John Williams temporarily eased rate-cut worries. Still, the main indexes finished with big weekly losses – putting them on track for their worst November in years. The Federal Reserve lowered the
Dow Soars 493 Points in Fed-Fueled Bounce: Stock Market Today Read More »
Selling continued on Wall Street to start Friday, with sentiment taking a hit from lofty equities valuations and the ongoing government shutdown. But two of the three main indexes finished in positive territory as media reports refreshed hope that the funding standoff could end sooner rather than later. The October jobs report was slated to
Stocks Bounce But End With Big Weekly Losses: Stock Market Today Read More »
After sliding back in June, existing-home sales picked up in July. The latest update, released August 21, shows a modest rebound. Sales rose 2.0% to a seasonally adjusted annual rate of 4.01 million are now 0.8% higher than a year ago. As has been and continues to be the case, zooming out on the same
Existing Home Market Still Crawling Along The Bottom Despite Modest Bounce Read More »