Household net worth continues to rise in Q4: StatsCan

Household net worth continues to rise in Q4: StatsCan Household finances improved in the fourth quarter, and net worth is rising to record levels, Statistics Canada said Monday. However, economists warn that debt continues to rise and is expected to weigh on economic growth in the months ahead. Read more on Investment Executive

Refinance: Mortgages Rates Rise

refinancemortgagenow.net Interest rates for long-term mortgages rose this week to their highest levels since March, pushed up by the threat of inflation. The national average interest rate for 30-year, fixed-rate mortgages increased to 6.08 percent for the week ending Thursday, up from 5.98 percent the week before, according to mortgage financing company Freddie Mac.

Home sales rise in September, but a housing glut and concerns remain | Business Agenda

Home sales rise in September, but a housing glut and concerns remain | Business Agenda The pace of home sales gathered steam in September, a welcome sign for a housing market that remains troubled across much of the United States. Previously owned homes sold at an annualized pace of 4.53 million units, up from 4.12 [...]

Home loan demand slumps as rates rise from lows

Home loan demand slumps as rates rise from lows By Julie Haviv Read more on Reuters via Yahoo! Philippines News

Mortgage rates need to rise: ANZ

Mortgage rates need to rise: ANZ ANZ chief executive Mike Smith says higher funding costs will eventually need to be offset by an increase in home loan rates. Read more on Brisbane Times

JGBs rise; yields at 7-yr lows with eyes on yen, BOJ

JGBs rise; yields at 7-yr lows with eyes on yen, BOJ JGBs rise; yields at 7-yr lows with eyes on yen, BOJ Read more on FOX Business

Helped by Lower Loan Losses, JPMorgan Posts 76% Rise in Profits

Helped by Lower Loan Losses, JPMorgan Posts 76% Rise in Profits The banking conglomerate JPMorgan Chase (JPM) posted a 76% rise in its quarterly results on Thursday, lifted by a one-time reduction in loan-loss reserves and strong results across a number of its businesses. Read more on FOX Business

China’s Stock Futures Rise as Euro, Commodity Prices Increase

China’s Stock Futures Rise as Euro, Commodity Prices Increase May 26 (Bloomberg) — China’s stock-index futures rose, signaling gains for equity benchmarks, after a rebound in the euro eased concerns about Europe’s debt crisis and commodity prices advanced. Read more on Bloomberg

Home prices rise for 6th-straight month

Home prices rise for 6th-straight month Improvement said to increase home equity by $1 trillion Read more on Contra Costa Times

Home prices rise for 6th straight month in Nov.

Home prices rise for 6th straight month in Nov. Home prices rose for the sixth straight month in November, fueled by tax credits for homebuyers. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday inched up 0.2 percent to a seasonally adjusted reading of 145.49. The index was off… Standard & Poor – Price [...]

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