Category Archives: Weekly Financial News

Why Record Low Mortgages Rates?

Posted on July 13, 2016 by Popular Economics Weekly

The Mortgage Corner Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 8, 2016. It’s a result of mortgage rates dropping to … Continue reading →

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Spring Employment Surges

Posted on July 12, 2016 by Popular Economics Weekly

Popular Economics Weekly Total nonfarm payroll employment increased by 287,000 in June, and the unemployment rate rose to 4.9 percent, said the U.S. Bureau of Labor Statistics Friday. It means last month’s 11,000 private payrolls was a ‘Yuge’ aberration. How … Continue reading →

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Q2 3% + GDP Growth Confirmed?

Posted on July 5, 2016 by Popular Economics Weekly

Financial FAQs The best news of last week was the ‘Yuge’ jump in consumer spending and manufacturing, which should signal a Yuge jump in Q2 GDP; perhaps to as much as 4 percent. Graph: Econoday That’s because consumers spending is … Continue reading →

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Builder Optimism Returning to Historical Levels

Posted on June 17, 2016 by Popular Economics Weekly

The Mortgage Corner After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to a level of 60 on the National Association of Home Builders/Wells Fargo Housing … Continue reading →

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Who Are the Homeowners?

Posted on June 15, 2016 by Popular Economics Weekly

The Mortgage Corner The Atlanta Federal Reserve Bank just published a housing study entitled, “It’s Not Just Millennials Who Aren’t Buying Homes,” that breaks down homeownership by age and household status. And the results show that age and whether one … Continue reading →

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Consumers are Happier!

Posted on June 14, 2016 by Popular Economics Weekly

Financial FAQs The consumer is happier, at least, due mostly to higher wages, even if overall economic growth is lagging. Consumer sentiments and retail sales are rebounding after a punk first quarter. Corporations don’t want to invest in new plants … Continue reading →

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Trump Must Hate the Little Guy

Posted on June 11, 2016 by Popular Economics Weekly

Financial FAQs The Republican Party may rue the day they didn’t vet their presumptive candidate for President. The vetting can no longer just be about his overt and premeditated racism, or even his xenophobic wall building. His business practices are … Continue reading →

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Are Most of US Fully Employed?

Posted on June 10, 2016 by Popular Economics Weekly

Financial FAQs The U.S. Bureau of Labor Statistics reported the number of job openings was little changed at 5.8 million on the last business day of April, in its JOLTS report. (But that’s not exactly true, as it is up … Continue reading →

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What Happened to Our Economy?

Posted on June 7, 2016 by Popular Economics Weekly

Popular Economics Weekly The major debate during this campaign season is about economic growth. Who has it benefited and who was left behind? Sanders says we aren’t spending enough to create more jobs, and Trump wants to build walls to … Continue reading →

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Should the Fed Raise Rates?

Posted on June 3, 2016 by Popular Economics Weekly

Financial FAQs It’s incredible that Janet Yellen’s Fed should even be talking about raising interest rates in June, or July. The Fed predicts no more than 2.5 percent GDP growth in Q2, after Q1’s 0.8 percent growth rate. And the … Continue reading →

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