Mortgage rates in the U.S. fell, sending costs for 30-year loans to the lowest since early February as the Federal Reserve confirmed its commitment to provide support for the economic recovery.
Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
While investors fled U.S. equities last week, they put record money into a market they have shunned for most of the past four years: Spain.
Brian T. Moynihan, who has compared cleaning up Bank of America Corp.’s mortgage mess to lugging a backpack up a mountain, today posted his fourth quarterly loss since he became chief executive officer.
Alexandra Kerr said she and her husband Shaun Taylor made eight unsuccessful offers over 18 months in Brisbane’s rising market before finally buying their first home in April.
The decline in publicly traded technology stocks is fueling concern that Silicon Valley startups will follow with plummeting valuations.
Consumer prices accelerated in March as Americans paid a bit more for food and rent, adding to signs that demand is improving in the world’s largest economy.
Singapore’s March home sales dropped to a three-month low as first-quarter private residential prices fell the most in five years.
Australia’s central bank reiterated the most prudent course is likely to be a period of steady interest rates as it noted low borrowing costs are helping boost domestic growth.
Housing plots in London’s best districts rose 15.9 percent in the year through March, more than twice the gains for luxury homes, as developers bet that home prices would continue to rise.
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