Brief drop in mortgage rates sparks mini refinance boom
Borrowers rushed to take advantage of a brief drop in rates, but those rates are already on the rise again.
Borrowers rushed to take advantage of a brief drop in rates, but those rates are already on the rise again.
The CNBC Rapid Update, the average of 14 forecasts for the U.S. economy, sees GDP rising by 3.2% this year, a modest 0.3% markdown from...
The consumer price index for February was expected to rise 7.8% over the past year, according to Dow Jones estimates.
The Federal Reserve sent $9 trillion into U.S. bond markets amid recent emergencies. Reducing the balance of this portfolio could spark a recession.
Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department reported Friday.
The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.
Some retailers, including Victoria's Secret, are warning about business impacts from the Ukraine crisis. Others, like Nike, have suspended operations in Russia.
Initial claims for unemployment insurance totaled 215,000, the lowest total since the beginning of the year.
Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.