One would think Iraq's instability would prompt a price spike. Instead, they're about where they were a year ago.» Read More
Rates Go Up, Mortgage Apps Go Down: From the “scheduled breaking news” department - the Mortgage Bankers Association releases its weekly report on mortgage applications every Wednesday Morning at 7 am. I usually have it ready right at 7 am for use on air - as we did this morning. We posted the numbers earlier--mortgage apps fell 10.2% as the average 30-year fixed mortgage rate rose to 6.10% from 6.02% the prior week.
Liz Claman got reaction to President George W. Bush’s press conference this morning. CNBC Washington correspondent John Harwood, CNBC economy reporter Steve Liesman and Corvis Communications Budget Analyst Stan Collender all gave their take on what the president’s intentions mean for the U.S. going forward--abroad and at home.
At an end-of-the-year news conference, President Bush outlined his outlook for Iraq. The president said he has asked Defense Secretary Robert Gates to report back to him as quickly as possible on plans to enlarge the size of the Army and the Marines.
The outspoken Beltway observer gives CNBC’s John Harwood her take on the politics of 2007.
The results of the latest NBC/Wall Street Journal poll measuring President George W. Bush’s approval rating were released today – and the numbers aren’t good for Bush 43. Confidence in the commander in chief is at its lowest point in the six years he’s held office. Only 34% of those polled think the president is doing a good job....
President George W. Bush and British Prime Minister Tony Blair held a press conference in Washington, D.C., today after discussing the recommendations of the Iraq Study Group. CNBC's John Harwood was there. Here are a few major points from the presser.
The Iraq Study Group will bring its long awaited recommendations to President Bush on Wednesday--but it remains to be seen just how closely the Bush administration will adhere to its proposals. On CNBC’s “Power Lunch” --Bill Griffeth discussed the group with Michael Duffy, Time magazine’s Washington Bureau Chief and John Harwood--CNBC Chief Washington Correspondent.