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U.S. Durable Goods Orders Fall Less Than Expected in March

Sat, 25 Apr 2009 02:04:47 +0000

Demand for big-ticket items in the U.S. dropped less than economists were expecting in March, according to the U.S. Commerce Department on Friday. Durable goods orders excluding transportation posted a drop of 0.6% despite forecasts for a 1.2% decline…(read more)

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U.S. New Home Sales Fall in March After Upward Revision to Previous Month

Sat, 25 Apr 2009 01:04:09 +0000

New home sales in the U.S. fell slightly in March due to a strong upward revision to the previous month's figure, the Department of Commerce reported Friday. New home sales fell to an annualized pace of 356k, a 0.6% decrease from February, the report…(read more)

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Friday’s Events: U.S. Durable Goods, New Home Sales, G7 Meets in Washington

Sat, 25 Apr 2009 02:04:25 +0000

U.S. durable goods and new home sales are the main economic data releases of the day, as the G7 finance ministers meet in Washington D.C. At 8:30 a.m. EDT, the U.S. Department of Commerce will release its March durable goods report. Economists expect…(read more)

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Mortgage Safety Net May Help More New Buyers Take the Plunge

Sat, 25 Apr 2009 01:04:52 +0000

Is there a rainy day in your personal job forecast? That wouldn’t be surprising — with unemployment rates in double digits in several states, 8.2 percent nationwide and widely expected to hit 10 percent or higher by next year.

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Existing U.S. Home Sales Show a Bottom is a Long Way Off

Fri, 24 Apr 2009 03:04:57 +0000

The drop in U.S. existing home sales in March indicates that the housing market is far from a bottom, economists say. Sales dropped more than forecast by 3.0% against a surprise 4.9% surge in February. Dimitry Fleming, an economist at ING, said Thursday's…(read more)

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U.S. New Home Sales Will Likely Continue to Struggle

Fri, 24 Apr 2009 00:04:18 +0000

Despite some signs of relief in the U.S. housing market, most economists foresee continued challenges for new home sales over the coming months. After unexpectedly rising 4.7% in February to 337k, economists expect new home sales in the U.S. to remain…(read more)

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Long Term Fixed Rates Drop Below ARMs

Fri, 24 Apr 2009 02:04:33 +0000

Mortgage interest rates continued to inch downward during the week ended April 23 and long term fixed rates are now an out-and-out better deal than ARMs from day one. Freddie Mac's weekly Primary Mortgage Market Survey released this morning reported…(read more)

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U.S. Jobless Claims Either Stabilizing or Affected by Seasonal Factors, Economists Say

Fri, 24 Apr 2009 02:04:32 +0000

Despite an expected rise in weekly U.S. initial jobless claims, some economists are encouraged by a continued drop in the four-week average of claims, which they say could suggest the end of the recession. Others say seasonal factors are continuing to…(read more)

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How to Invest in Tax-free Mutual Funds

Thu, 23 Apr 2009 03:27:47 +0000

Learn on How to Invest in Tax-free Mutual Funds. This step by step procedure will surely guide you in your investments.

Wednesday’s Events: Tsy’s Geithner, More Earnings

Thu, 23 Apr 2009 03:04:57 +0000

The UK's budget, comments from Treasury Secretary Tim Geithner , and a bout of major earnings in the United States on Wednesday top the bill for the day's main economic events. At 7:30 a.m. EDT, UK Chancellor of the Exchequer Alistair Darling…(read more)

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