Category Archives: Weekly Financial News

Builder Confidence Highest Since 2007

Posted on June 21, 2012 by Popular Economics Weekly

The Mortgage Corner Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous month to rest at 29 on the National Association of Home Builders/Wells Fargo Housing … Continue reading →

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Housing Recovery Has Begun

Posted on June 16, 2012 by Popular Economics Weekly

The Mortgage Corner This may be the brashest of predictions. Can residential real estate prices actually be recovering? Yes, as housing inventories decline. The National Association of Realtors just reported on the national level, inventory of for-sale single family homes, … Continue reading →

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What Do the Latest Jobs Numbers Mean?

Posted on June 7, 2012 by Popular Economics Weekly

Financial FAQs The May employment report showed the economy slowing, but pundits may be jumping to conclusions. For though the unemployment rate rose to 8.2 percent in May from 8.1 percent the prior month, that was because 642,000 more began … Continue reading →

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What to Do With Lowest Mortgage Rates in History?

Posted on June 6, 2012 by Popular Economics Weekly

The Mortgage Corner Mortgage rates are the lowest since the Mortgage Bankers Association survey began in the 1970s, at 3.91 percent for the conforming 30-year fixed rate, but actually lower with many lenders. I am seeing rates as low as … Continue reading →

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What Happened to the Bush Tax Cuts?

Posted on June 5, 2012 by Popular Economics Weekly

Popular Economics Weekly The debt ceiling debate is about to begin again, and House Speaker Boehner has said he will continue to press for more tax cuts without raising additional revenues, reviving the possibility of more budget gridlock and credit … Continue reading →

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Home Prices Finally Rising!

Posted on May 29, 2012 by Popular Economics Weekly

The Mortgage Corner Even the S&P Case-Shiller Home Price Index, a 3-month average of all existing-home prices that lags all other indexes—such as FHFA and CoreLogic—says home prices are finally showing signs of life. Why? Inventories are declining as investors … Continue reading →

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Some Institutions Are Too Big To Succeed

Posted on May 24, 2012 by Popular Economics Weekly

Financial FAQs The conversation may change with JP Morgan Chase’s latest $2 plus billion faux pas. Instead of being too big to fail, we may find that the Wall Street behemoths in particular have become too big to succeed. That … Continue reading →

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Housing Affordability at Record High

Posted on May 21, 2012 by Popular Economics Weekly

The Mortgage Corner Nationwide housing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).  So much so, … Continue reading →

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Builder Confidence Rises Five Points in May

Posted on May 16, 2012 by Popular Economics Weekly

The Mortgage Corner It may not seem like much in such a depressed real estate market, but builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous … Continue reading →

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The War on Workers

Posted on May 15, 2012 by Popular Economics Weekly

Popular Economics Weekly We are seeing what can only be called a war on workers by Tea Party Republicans in particular. Who are workers? The 80 percent of consumers who are wage and salary earners. And they have not done … Continue reading →

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