Most Recent Economy News

31 of 50 riskiest housing markets cluster in 4 states  

31 of 50 riskiest housing markets cluster in 4 states  

Of the 50 U.S. counties with the risk for distressed properties, 31 are concentrated in four states, led by Florida,...

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Jobs rebound in March, unemployment at 4.3%

Jobs rebound in March, unemployment at 4.3%

Processing Content Key insight: Payrolls increased modestly in March, adding 178,000 new hires Supporting data: The unemployment rate held steady...

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A K-shaped split is emerging in mortgage delinquencies

A K-shaped split is emerging in mortgage delinquencies

Mortgage delinquency rates were up in the fourth quarter, with sharper increases in areas with rising unemployment rates and falling...

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Stagnant home sales likely to be a drag on US economy

Stagnant home sales likely to be a drag on US economy

The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant...

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GOP megabill cutting CFPB funding goes to Trump’s desk

GOP megabill cutting CFPB funding goes to Trump’s desk

WASHINGTON —  The House narrowly passed a massive tax and spending bill, capping months of deliberations and sending President Trump’s...

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Mortgage servicers benefit most from FOMC’s inaction: KBW

Mortgage servicers benefit most from FOMC’s inaction: KBW

In the aftermath of the Federal Open Market Committee’s June meeting, certain interest rate spreads should narrow, but the overall...

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MGIC, Essent, Enact, Radian, NMI, Arch report 1Q25 profits

MGIC, Essent, Enact, Radian, NMI, Arch report 1Q25 profits

A similar share of consumers used private mortgage insurance as credit enhancement in the first quarter compared with the prior...

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Home sales canceled in January at highest pace in years

Home sales canceled in January at highest pace in years

Consumer skittishness, wildfires and rising inventory combined to push the January cancellation rate for pending home sales to its highest...

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Mortgage rates again move opposite Fed’s actions

Mortgage rates again move opposite Fed’s actions

Mortgage rates rose 12 basis points this week, reflective of the environment even before the Federal Open Market Committee announced...

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Why mortgage rates might rise after Fed cut

Why mortgage rates might rise after Fed cut

Mortgage rates continued to tumble closer to the 6% mark, even before taking into account the full impact of the...

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