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Finance News Archives for Feb. 2012


The New York Federal Reserve recently announced overall consumer debt fell slightly at the end Consumer debt declines as homeowners pay off mortgages
Published 2/28/2012
American consumers continued to dig themselves out from under a mountain of debt during the last quarter of 2011, according to a new analysis that ...
New jobless claims held steady at 351,000 for the week ending February 23, the Bureau of Labor Low jobless claims continue for second week
Published 2/23/2012
A new report from the Bureau of Labor Statistics shows that jobless claims remained low during the week ending February 23.

The seasonally adjusted numbers match ...
30-year fixed-rate mortgage interest rates averaged 3.95 percent this week, up from a record lo Record-low mortgage rates rise after weeks at the bottom
Published 2/23/2012
A three-week run of record low interest rates on 30-year fixed-rate mortgages is over, mortgage capital lender Freddie Mac announced recently.

For the week ending February ...
Existing home sales were up 4.3 percent in January, according to the National Association of Re Increased sales of existing homes spurred by record interest rates
Published 2/22/2012
Sales of existing homes were up in January, according to figures released February 22 from the National Association of Realtors.

Sales were up 4.3 percent in ...
A group of senators is trying to clear the way for faster lender approval of short sales. New bill would quicken short sales
Published 2/21/2012
A group of U.S. senators recently announced their plan to revitalize the housing market by reducing the length of time it takes to complete a ...
A recent New York Times analysis finds hybrid adjustable rate mortgages becoming increasingly p Hybrid adjustable rate mortgages an increasingly popular choice
Published 2/17/2012
Home buyers looking to save money on their mortgages may be switching from traditional fixed-rate mortgages to hybrid adjustable-rate mortgages, according to a new housing ...
New home construction has been slowly rising over the last few months. Slight uptick in housing starts as jobless claims fall
Published 2/17/2012
New jobless claims continued to fall as new home building permits began to rise over the last several weeks, government agencies reported recently.

New home construction ...
For the third straight week, mortgage interest rates held steady at record lows, according to F Record low mortgage rates hold for third straight week
Published 2/16/2012
For a third consecutive week, national mortgage rates remained at near record lows, according to mortgage capital provider Freddie Mac.

Thirty-year fixed-rate mortgages stuck at 3.87 ...
Senator Al Franken of Minnesota is one of 10 senators demanding answers from Freddie Mac. Senators demand answers from Freddie Mac
Published 2/8/2012
A group of 10 U.S. senators is calling on major mortgage investor Freddie Mac to answer charges that it is working counter to its mission ...
Up to two-thirds of Staten Island homeowners who participated in mortgage mediation modified th Tools to fix housing market already working in some states, report suggests
Published 2/7/2012
A new report released February 6 by the National Consumer Law Center suggests that one effective solution to fixing the broken housing market may already ...
The economy added roughly a quarter-million jobs in January. Jobless rate drops as economy adds a quarter-million jobs
Published 2/6/2012
A new report from the Bureau of Labor Statistics is giving economists cause for optimism - the national unemployment rate dropped to 8.3 percent in ...
Region played a factor in which households lost income and which households prospered during th New study shows regional effects of economic downturn
Published 2/3/2012
While the national economy struggled during the last few years, some areas of the country actually experienced continued growth. A new study from Sentier Research highlights ...

 
 
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