How low can we go? ; So far, the Russell is the only index that's gone through a full 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} correction – falling from 1,180 in early September to 1,050 yesterday – actually 11{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} – so far. ;According to our 5{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} Rule™, if the 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} line is going to hold over the…
Category: Finance
Wednesday Market Weakness – Oil Collapses to $80, Good or Bad?
If what goes up, must come down – oil has a LONG way to fall: ; ; As you can see, during the glorious Clinton era, oil prices generally stayed down in the $20s despite OPEC cutbacks (because Clinton counteracted them by releasing oil from the SPR), hurricanes, tornadoes, wars in…
U.S. mortgage applications fall in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week as both purchase and refinancing applications dipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.0 percent in the …
U.S. mortgage applications drop in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 9.2 percent in the week ended …
Average rate on 30-year mortgages dips this week
WASHINGTON (AP) — Average U.S. mortgage rates are near historically low levels.
Average US mortgage rates dip slightly
WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.
Downside of low US mortgage rates? Less selling
WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
U.S. housing turning the corner, inflation creeping up
By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year. The third straight month of home sales gains, reported by the National …
Average US 30-year mortgage rate at 4.13 pct.
WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.
Mortgage applications fall in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2 percent in the week ended July 25. …
Average US 30-year mortgage rate at 4.14 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.
Canadian housing starts rise in July, bucking forecasts
By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market's upward drive is likely to falter if mortgage rates rise as expected heading into 2015. Canada Mortgage and Housing Corp said the …
Average US 30-year mortgage rate at 4.10 pct
WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.
U.S. housing, jobs data bolster economic outlook
The National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.15 million units. Home resales have now increased for four straight months after the housing market recovery stalled in the second half of 2013 following a run-up in mortgage rates. In a separate report, the …
Canadian housing starts cool in August, seen moderating further
By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing housing market as 2014 draws to a close. A report from the …
Average US 30-year mortgage rate at 4.12 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.
U.S. mortgage applications fall to lowest since Dec 2000: MBA
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7.2 percent in the week ended Sept. 5. Fixed 30-year mortgage rates averaged 4.27 percent in the week, up from 4.25 percent the week before.
U.S. mortgage applications rise in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 7.9 percent in the …