Recession

December 8, 2016

Mortgage Credit Availability Continues to Climb

Access to mortgage credit continued its recent upward trend in November.  The Mortgage Bankers Association said that its Mortgage Credit Availability Index (MCAI), increased by 1.6% […]
December 7, 2016

Existing Home Sales Hit 9-Year High in October

Sales of previously owned homes unexpectedly climbed in October to the highest level since February 2007, a sign of momentum in the housing market a month […]
December 6, 2016

Foreclosure Starts Fall to 11-Year Low

Foreclosure starts dropped to the lowest level recorded since January 2005, according to Black Knight Financial Services’ (BKFS) October First Look report.  In total, there were […]
December 5, 2016

A “New Normal” of Slow Growth Coming in 2017

The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2% in 2017, up from a […]
November 28, 2016

Black Friday/Cyber Monday Online Sales Top Forecasts

Black Friday’s blockbuster online sales don’t appear to have come at Cyber Monday’s expense.  As of 10 a.m., retail websites had raked in $540 million on […]
November 25, 2016

2016 Black Friday & Holiday Spending Predictions

The holidays (and holiday shopping) are officially here!  Today is Black Friday and Cyber Monday is just three days away.  Thus begins the month-long sprint to […]
November 16, 2016

Is the Future of the CFPB at Stake?

Republican lawmakers and big names on Wall Street have been trying to weaken or abolish the Consumer Financial Protection Bureau since it was created more than five years […]
November 15, 2016

U.S. Mortgage Rates Rise Post Election

The average interest rate on U.S. 30-year fixed-rate mortgages rose to its highest level in five months with rising Treasury yields, according to mortgage finance agency […]
November 14, 2016

How Will Trump’s Win Affect the 2017 Mortgage Industry?

Rising interest rates will trigger a downturn in refinance activity in 2017, while purchase originations will rise, according to the Mortgage Bankers Association’s most recent industry […]