Category Archives: Weekly Financial News

CFPB Releases Borrower Guidelines

Posted on January 15, 2015 by Popular Economics Weekly

The Mortgage Corner The Consumer Protection Financial Bureau, set up as part of the Dodd-Frank Wall Street and Consumer Protection Act, has just published guidelines for mortgage borrowers to help them get the best possible terms. Knowing mortgage guidelines and … Continue reading →

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December Unemployment Report Sets Record

Posted on January 9, 2015 by Popular Economics Weekly

Financial FAQs Friday’s Labor Dept. nonfarm payrolls report has just set a record for annual job creation. The U.S. added 252,000 new jobs in December to extend the strongest streak of hiring since the mid-1990s, but wages fell and more … Continue reading →

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Good Pending Sales, Home Prices in 2015

Posted on January 7, 2015 by Popular Economics Weekly

The Mortgage Corner Pending home sales are rising again. Sales picked up steam in November, to 104.8 from a revised 104.0 in October for a better-than-expected gain of 0.8 percent. It is a sign, along with the Case-Shiller Home Price … Continue reading →

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The Political Consequences of Inequality

Posted on January 6, 2015 by Popular Economics Weekly

Financial FAQs Paul Krugman recently highlighted the dangers of Europe’s austerity policies and the growing inequality of the developed world, the worst since the Great Depression. The result then, as now, has been the growing strength of right wing parties … Continue reading →

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What Will 2015 Bring?

Posted on December 31, 2014 by Popular Economics Weekly

Popular Economics Weekly We already have an idea of what will happen in 2015. Firstly, job creation should continue to exceed 300,000 payroll jobs per month. Nobelist Paul Krugman is especially optimistic about economic growth, given that we have escaped … Continue reading →

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Why Lower Home Sales?

Posted on December 29, 2014 by Popular Economics Weekly

The Mortgage Corner November existing home sales in November tumbled 6.1 percent, the biggest drop since July 2010, down to a seasonally adjusted annual rate of 4.93 million. New-home sales also fell slightly—probably for the same reason. Why? There were … Continue reading →

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Fed’s Yellen—No Inflation In 2015?

Posted on December 26, 2014 by Popular Economics Weekly

Popular Economics Weekly Fed Chair Janet Yellen has given us a very good holiday gift. that boosted stock and bond prices.  She announced at her post-FOMC meeting press conference that Fed Governor’s see little or no inflation next year. In … Continue reading →

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Conference Board’s Leading Economic Indicators Near Highs

Posted on December 19, 2014 by Popular Economics Weekly

Financial FAQs The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.6 percent in November to 105.5 (2004 = 100), following a 0.6 percent increase in October, and a 0.8 percent increase in September. It is a further … Continue reading →

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New-Home Construction, Builders’ Optimism Still Rising

Posted on December 16, 2014 by Popular Economics Weekly

The Mortgage Corner Home builders’ optimism is still high, though builder confidence in the market for newly built single-family homes fell one point in December to a level of 57 on the National Association of Home Builders/Wells Fargo Housing Market … Continue reading →

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Retail Sales Portend +4 Percent GDP in 2015

Posted on December 15, 2014 by Popular Economics Weekly

Popular Economics Weekly We have said that the prospect of higher interest rates next year may spur some extraordinary growth over the next few quarters, and just out holiday retail sales seem to be fulfilling that prophecy.  Consumer spending is … Continue reading →

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