While Wall Street will reopen to volatile trade on Monday, Masood Vojdani, founder of MV Financial, advises U.S. investors to stay patient as the Greek situation will likely be resolved soon.» Read More
The recent surge in mortgage rates hasn't put a crimp in the housing recovery so far, but some economists think it could if rates head much higher.
Historically, the pending home sales index has tracked along pretty closely with the existing home sales number, and so has been a pretty reliable leading indicators. Lately that’s become less and less true.
South Korea's foreign exchange reserves reported their biggest monthly rise ever in May, central bank data showed on Tuesday.
“We have lost multiple loans already, due to low valuations, and we have some frustrated homeowners,” a mortgage broker in Maryland tells me. “Start writing your story on the collapse of mortgage applications this week,” a mortgage analyst instructs me.
As confidence increases in stocks and a slew of factors works against US debt, investors are unlikely to flock to Treasury bonds until yields get significantly higher.
South Korean exports and imports in May both dropped more than expected, data showed on Monday, dampening growing hopes for an early recovery in Asia's fourth-largest economy.
So what's a half a percentage point or even three quarters of a point, when mortgage interest rates are still historically low? Well, apparently a lot.
The recent surge in interest and mortgage rates is not down to the Federal Reserve’s purchases of Treasury and mortgage assets, sources familiar with the thinking of Fed officials told CNBC.
South Korean manufacturers' assessment of the business outlook for June hit an eight-month high, data showed on Friday, indicating the economy had passed its trough.
The US government will need to keep Treasurys yields as high as 4 percent in order to entice investors to buy them, Pimco co-CEO Bill Gross said.
It’s not like we didn’t know it was coming, but apparently it’s coming with a vengeance. Prime fixed-rate loans have finally leapfrogged those nasty subprimes to take the lead in the race to foreclosure. The foreclosure rate on primes has in fact doubled in the last year, and almost half of the overall increase in foreclosure starts in the first quarter of this year was due to the increase in primes.
John Ulzheimer takes a look at what the credit card environment may look like in a year.
The Obama administration’s economic stimulus plan is working, Rep. Barnkey Frank, D-Mass. told CNBC.
South Korea's current account surplus slightly fell in April from a record high during the previous month as a rebound in the won increased overseas travel, central bank data showed on Thursday.
NOT SEEN ON T.V.: The new credit card law could hurt your credit unless you follow these steps.
I heard a startling statistic from the National Association of Realtors this morning…no not that home sales are actually increasing, but something about the high end of the market.
John Ulzheimer says an interest rate cap included in the new law would have actually hurt consumers.
The last week of every month is always the most data-rich, with new and existing home sale reports, price reports from S&P Case Shiller and the FHFA government price index. This month will be particularly interesting, since the jambalaya will include the quarterly delinquency survey from the Mortgage Bankers Association this Thursday.
Seven of 10 fund managers are betting that China and other emerging markets will lead the global economic recovery, according to a Merrill Lynch fund manager survey, and that could mean better investing opportunities abroad.
South Korea's key consumer sentiment measure rose to its highest in nearly two years in May, adding to hopes for an early recovery in Asia's fourth-largest economy.