General News Category Archives

Economic and Fixed Income Insights, June 11, 2019

The Mortgage Bankers Association reported a 26.8 percent increase in mortgage applications last week, led by a surge of refinancing activity. The increase in mortgage volume comes as rates have dropped to 2-year lows on trade and bearish talk from the Federal Reserve. In the latest economic news, inflation remains tepid with the Consumer Price Index up just 0.01 percent in May, according to the Bureau of Labor Statistics.

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Fed Report on Economic Well-Being: Only 61 Percent Able to Cover $400 Unexpected Expense

The Board of Governors of the Federal Reserve System has released its Report on the Economic Well-Being of U.S. Households in 2018. It shows that three percent of renters were evicted or moved because of the threat of eviction in the prior two years. It also shows that over half of U.S. renters needed a repair to their homes at some point in the prior year, and 15 percent of renters had moderate or substantial difficulty getting their landlord to complete the repair.

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