NEW YORK, Aug 22- Wall Street and other stock markets paused while the dollar rose on Friday after Federal Reserve Chair Janet Yellen said policymakers eyeing interest rate hikes need to move cautiously, while worsening Ukraine tensions dogged trading.» Read More
Altering mark-to-market accounting rules would bring more opacity to the financial system, said Nassim Taleb, “The Black Swan” author.
The Fed's efforts to push down mortgage rates have raised expectations about a housing recovery, but it may take months to have any impact—and the results may not all be positive.
House Financial Services Chairman Barney Frank (D-Mass.) says the drastic steps the Obama administration is taking in dealing with the nation's struggling automakers further underscores the need for the government to have so-called resolution authority to take over and unwind the businesses of big non-bank companies.
As I reported about a week ago, warehouse lending is drying up at a fast clip. This is the money desperately needed by small mortgage banks in order to offer you a mortgage.
Global stocks were down ahead of a big week, which includes the G20 summit in London, the European Central Bank policy meeting and monthly employment data out of the U.S. Experts tell CNBC what they expect from the week ahead.
With interest rates the lowest on record, is it time for potential new homebuyers to take the plunge?
NOT SEEN ON T.V.: So you’re a new homebuyer and you think you’ve picked your future house. How can you be sure you want to pull the trigger?
I understand the desire to not have a mortgage bill hanging over you, but paying in cash is just like putting all your money into a single stock.
Rates are down and home sales are up – what does it mean for your mortgage?
Cramer extols the virtues of cautious investing, and makes calls on Apple, Google, Hershey, Deere and more.
The pace of economic deterioration has started to slowdown in some areas, said Treasury Secretary Timothy Geithner on Wednesday.
The Norwegian kroner is "the best currency in the world" and certainly preferable to the US dollar, UK pound and other currencies where governments are practicing quantitative easing, David Bloom, global head of foreign exchange at HSBC, told CNBC Wednesday.
With other central banks acting to create money out of thin air because they cannot lower short-term interest rates any further, the ECB remains wary of the specter of inflation.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.
Positive developments out of Washington have stocks on a slow road to recovery even as the economy may continue to struggle, a panel said on CNBC.
While most mortgage rates head lower, buying or refinancing a more expensive house is getting harder. "I don't see the situation for jumbo rates improving for more than a year or two," says one economist.
Interest rates are at rock bottom. Housing affordability is at a record high and the glut of available properties on the market has left buyers holding all the cards. If your long-term financial plan includes the purchase of a second home, or vacation property, now may be the time to make your move.
Throw out everything you may remember about the good old days. Here’s the information you need now to get a home loan. It starts with good credit.
"Most high-earning execs will find their next job through networking," says one expert. "The old tricks are not working anymore. You can't just shop your resume around."
As you might expect, the announcement that the Federal Reserve would buy $750 billion more of Fannie and Freddie mortgage backed securities sent mortgage rates lower immediately.