Paul Dales News
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Payrolls probably increased in March and the U.S. jobless rate held at a four-year low as demand improved at the start of the year, economists said before a report today.
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Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.
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Wagers on President Barack Obama’s re-election are rising in tandem with stock prices, just as the fortunes of his Republican predecessor George W. Bush did in 2004, suggesting incumbency counts more than party affiliation in the markets.
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Since Federal Reserve Chairman Ben S. Bernanke in September began a third round of asset purchases aimed at lowering interest rates and spurring growth, bond yields have climbed. The trend may signal that his program is working.
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Signs that consumer prices are rising even as the U.S. economy slows may delay additional moves by Federal Reserve Chairman Ben S. Bernanke to spur growth.
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Christine Johnson has reduced her spending on clothes, travel and home improvements -- all so she can stay current on the house she bought in Phoenix at the peak of the housing bubble .
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U.S. mortgage rates fell for a third week, sending longer-term borrowing costs to the lowest level since January as the housing market remains sluggish.
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The number of applications for U.S. mortgages rose last week, led by more refinancing as mortgage rates fell to the lowest level since the end of January.
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Federal Reserve Chairman Ben S. Bernanke may be about to get help in his attempt to boost the economy, from an industry at rock-bottom: housing.
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Americans haven’t felt this bad in almost three decades.
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