Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
116,749
# of Subscribers
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name:
State Name underscore:
State Name dash:
State Name lower underscore:
State Name lower dash:
State Name lower:
State Abbreviation:
State Abbreviation Lower:
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 3 and 1 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Tue, Dec 24 2013
  • 12:44 PM » 2014 May Be the Start of Sustained Economic Growth
    Published Tue, Dec 24 2013 12:44 PM by webfeeds.brookings.edu
    Next year may be the start of sustained better times for the U.S. economy. When the Fed announced it would reduce its purchases of Treasury bonds from $85 billion a month to $75 billion a month, it was signaling improved confidence in the economic expansion. In the forecast that accompanied the announced tapering, it predicted GDP growth of around 3 percent for 2014, and a bit faster than that in 2015. This would be a welcome and clear improvement over the 2 percent average expansion of the past three years, and a growth rate fast enough to reduce unemployment to near 6 percent by late next year. These improved prospects come from both a better policy environment and emerging strength in some sectors of private demand. It will help that Congress has stopped doing damage to the expansion. When it finally agreed to undo its own budget sequester, it replaced scheduled near-term budget cuts with a roughly neutral spending budget for next year. In coming quarters, the economy will not have to battle the headwinds of a perverse fiscal policy. And some sectors of economy, such as energy, autos, aircraft and software, will continue the healthy expansions already underway. The economy would get a big boost from a broad rise in consumer spending since consumption accounts for about two thirds of total aggregate demand. But wealth effects, coming from the rising stock market and somewhat higher home prices, are not reliable predictors of consumption. And real disposable income, which is more reliably linked to spending, has not been rising much. A big improvement in consumer confidence-"animal spirits"-could provide a boost to spending . But there is little basis for building that into a forecast at this time. Looking beyond these near term cyclical prospects, the industrial strength of the U.S. economy and its competitiveness on international markets are improving for the longer run. The development of fracking as a new method of extracting natural gas and oil has led...
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 12:43 PM » What Would It Take for Fed to Pause Its Cuts to Bond Purchases?
    Published Tue, Dec 24 2013 12:43 PM by WSJ
    It was a bumpy road to the Fed's first attempt to begin pulling back on its extraordinary monetary stimulus to the economy. Even if policy makers hold out the option of pausing or even reversing course, few believe it actually will.
  • 11:05 AM » U.S. housing recovery could run out of steam
    Published Tue, Dec 24 2013 11:05 AM by www.breakingviews.com
    The U.S. housing recovery could run out of steam in 2014. Banks are likely to tighten lending standards once new rules come into place. Rising interest rates may drive down home loan volume, too. Cash purchases by investors could set a floor for house prices, but they may not be enough to prevent a major slowdown. Of late, the market has been on a tear. American home prices in the third quarter of 2013 rose 11 percent compared with the same period a year earlier, the S&P/Case-Shiller index shows. That's the strongest jump since the bubble popped six years ago. Foreclosure activity, meanwhile, has fallen to 2005 levels, according to online marketplace RealtyTrac. And existing home sales have been the best since 2007, with over 5 million on an annualized basis since May, reports the National Association of Realtors (NAR).
    Click Here to Read the Full Article

    Source: www.breakingviews.com
  • 11:00 AM » U.S. new home sales fall modestly from five-year peak, prices up
    Published Tue, Dec 24 2013 11:00 AM by Reuters
    WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell modestly in November from a five-year high and prices pushed higher, indicating the housing market is weathering higher mortgage rates.
  • 10:14 AM » New home sales slip 2.1 percent in November to 464,000 vs. 445,000 estimate
    Published Tue, Dec 24 2013 10:14 AM by CNBC
    Please check back for further updates.. New home sales slipped slightly to a seasonally adjusted 464,000 in November. Economists polled by Reuters had expected a seasonally-adjusted annual rate of 445,000 units, versus 444,000 units in October.
  • 8:41 AM » U.S. mortgage applications fall as refinance hits five-year low: MBA
    Published Tue, Dec 24 2013 8:41 AM by Reuters
    NEW YORK (Reuters) - Applications for U.S. home mortgages fell for a second week and hit a 13-year low as mortgage rates rose due to a bond market sell-off following the Federal Reserve's decision to pare its bond purchase stimulus in January, an industry group said on Tuesday.
  • 8:40 AM » Durable goods surge in November, boosting outlook
    Published Tue, Dec 24 2013 8:40 AM by CNBC
    Durable goods soared in November, the latest sign of a quickening rebound.
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.19%
  • |
  • 15 Yr FRM 3.32%
  • |
  • Jumbo 30 Year Fixed 4.03%
MBS Prices:
  • 30YR FNMA 4.5 107-28 (0-05)
  • |
  • 30YR FNMA 5.0 110-08 (0-02)
  • |
  • 30YR FNMA 5.5 110-28 (-0-02)
Recent Housing Data:
  • Mortgage Apps 2.43%
  • |
  • Refinance Index 4.14%
  • |
  • FHFA Home Price Index 0.67%