After falling to 6.2 percent in September, the average national interest rate on a fixed-rate, 30-year mortgage climbed back to 6.93 percent last week, its highest since July, the Federal Home Loan Mortgage Corp. reported.
Tag: U.S. Economy
Post
U.S. JOBS IN DECEMBER UP, TYPES OF JOBS LOW
Last month, the U.S. economy created an estimated 256,000 nonfarm jobs, the most since March 2024 and far more than the 120,000 to 200,000 that analysts had predicted. Unemployment ticked down from 4.2 percent to 4.1 percent.
Post
ECONOMIC UPDATE — MARKET OVERVIEW
Inflation is all the economic “news.” It’s deflation in China, they say inflation in Europe is OK and in the U.S., today’s headline article on CNBC is, Stocks give up earlier gains as traders await more inflation data.
Post
CORPORATE BANKRUPTCIES SHOOT TO 14-YEAR HIGH
In 2024, at least 686 U.S. corporations filed bankruptcy, 8 percent more than in 2023 and the most since 2010 during the Great Recession when 828 corporations went bust, S&P Global Intelligence reported.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Members of the Nordstrom family, with help from Mexican conglomerate El Puerto de Liverpool, are buying all outstanding shares of the department store chain for about $6.25 billion in cash and taking the 123-year-old retailer private.
Post
TOP TREND 2025: THE TRUMP CARD
Incoming U.S. president Donald Trump’s promise to pile stiff tariffs on all goods imported into the U.S. will, if carried out, crimp the world’s economic growth, according to a large majority of the more than 220 economists in the Eurozone, U.K., and U.S. surveyed by the Financial Times.
Post
DISCOUNT STORES’ “PRIVATE LABELS” ARE WINNING UPSCALE CONSUMERS
Christmas shone a light on the surge of interest in discount stores’ “private label” products—upmarket products from Costco, Target, Walmart, and similar chains that increasingly are taking shoppers away from pricier brand names.
Post
TOP TREND 2023, OFFICE BUILDING BUST: COMPANIES FINALIZING POLICIES REGARDING REMOTE WORK
With the U.S. labor market settled into a normal balance and open jobs less plentiful, more employers are becoming more strict about white-collar workers putting in at least some of their work time at central offices.
Post
U.S. FACTORY ACTIVITY RISES TO NINE-MONTH HIGH IN DECEMBER
U.S. factories produced more and received more new orders in December as the Institute for Supply Management’s purchasing managers index (PMI) climbed to its highest level since last March.
Post
THE PRICE OF BREAKFAST IS STILL GOING UP
Whether your taste runs to scrambled eggs or just a cup of joe, your morning fuel is still costing you more.