Category Archives: Weekly Financial News

January Existing Home Sales, Mortgage Applications Dip

Posted on February 26, 2015 by Popular Economics Weekly

The Mortgage Corner Oh, the winter freeze! It seems to put the housing market into a deep freeze, as well. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9 percent to a seasonally adjusted … Continue reading →

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Enslavement of the Middle Class

Posted on February 22, 2015 by Popular Economics Weekly

Financial FAQs It is becoming obvious that the American middle class (topic dujour among presidential candidates these days) has been enslaved by an ideology that only benefits the wealthiest among US. It is an ideology of austerity that has prevailed … Continue reading →

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The Economic Ruination of Greece

Posted on February 18, 2015 by Popular Economics Weekly

Popular Economics Weekly It is now beyond a reasonable doubt that Germany and its austerity cohorts want to drive Greece out of the Eurozone by insisting that it adhere to its agreement to pass most of its meager budget surplus … Continue reading →

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Low Inflation Everywhere Is Shrinking Growth

Posted on February 14, 2015 by Popular Economics Weekly

Popular Economics Weekly Deflation is a rising risk for the U.S. economy based on import and export price data where contraction is at its most severe since the 2008-2009 recession, as well as for the rest of the world. U.S. … Continue reading →

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Mortgage Refinancings Surge in 2015

Posted on February 11, 2015 by Popular Economics Weekly

The Mortgage Corner The still record-low interest rates are making a difference. Refinancings jumped 66 percent in January’s first two weeks, according to the MBA. And borrowers who refinanced during the fourth quarter of 2014 were able to reduce their … Continue reading →

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The Bernanke-Yellen Led US Recovery

Posted on February 8, 2015 by Popular Economics Weekly

Financial FAQs Friday’s January unemployment report should close the books once and for all on the debate whether austerity cutbacks in government spending (and debt) such as happened in Europe, or pro-active government policies by the U.S. Federal Reserve Banks … Continue reading →

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Housing Sales-Construction Continue to Expand

Posted on January 26, 2015 by Popular Economics Weekly

The Mortgage Corner The NAR reports total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4 percent to a seasonally adjusted annual rate of 5.04 million in December from a downwardly-revised 4.92 million … Continue reading →

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The Bully Mentality—Part II

Posted on January 23, 2015 by Popular Economics Weekly

Financial FAQs NOAA, the National Oceanic and Atmospheric Administration, just announced 2014 the warmest year in recorded history, and 14 of the last 15 years as the warmest in recorded history. Yet Paul Krugman in his latest NYTimes Oped still … Continue reading →

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Europe on Verge of Recession

Posted on January 21, 2015 by Popular Economics Weekly

Popular Economics Weekly Oil prices are plunging below $50 per barrel, and the European Central Bank is about to announce whether it will begin its own Quantitative Easing program, similar to the Fed’s purchase of government securities that is designed … Continue reading →

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Mortgage Applications Increase Incredible 49 percent in January

Posted on January 18, 2015 by Popular Economics Weekly

The Mortgage Corner Mortgage applications increased 49.1 percent from one week earlier, said the just released Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 9, 2015. It was the largest increase since 2008 at the start … Continue reading →

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