Foreclosures | Mortgages | Financing
In her first comments since the Fed decided to hold rates steady two weeks ago, all eyes were on Federal Reserve Chair Janet Yellen this morning during her speech to the Economic Club of New York. People listened for any insight on when the Fed would raise interest rates. …read more
From:: Real Estate Wire
Experian recently hosted a video on improving credit scores. Loan officers in the mortgage finance industry are well-aware of the credit challenges many potential home buyers face. Need to direct clients to some decent advice on improving their credit scores? This blog will do the trick. …read more
From:: Real Estate Wire
Experian recently hosted a video on improving credit scores. Loan officers in the mortgage finance industry are well-aware of the credit challenges many potential home buyers face. Need to direct clients to some decent advice on improving their credit scores? This blog will do the trick. …read more
From:: Real Estate Wire
Short-term Treasury yields tumbled Tuesday to their lowest level in a month after Federal Reserve Chairwoman Janet Yellen defended the U.S. central bank’s decision to move cautiously on interest-rate hikes given the risky outlook. Treasury yields fell across the board, with prices rising. Yellen remained silent about any prospect of a rate hike at the next meeting on April 26-27 and underscored the risks of stagnant inflation. The market took a dovish interpretation of Yellen’s comments, with Treasury yields tumbling and stocks gaining ground. The 10-year Treasury yield, the Treasury market’s benchmark, briefly hit a one-month low, later paring the decline. It was down 4.4 basis points on the day to 1.840%. The yield on the 2-year Treasury lost 6.7 basis points to 0.820%, its lowest level in a month. The 30-year Treasury yield lost 2.2 basis points to 2.635%, its lowest level in a month.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
U.S. stocks turned higher and climbed modestly on Tuesday, as Federal Reserve Chairwoman Janet Yellen stressed a cautious approach to interest-rate hikes during her speech at the Economic Club of New York. The S&P 500 was up 11 points, or 0.5%, higher at 2,048. The Dow Jones Industrial Average climbed 85 points, or 0.5%, to 17,620. Meanwhile, the Nasdaq Composite advanced 48 points, or 1%, to 4,815.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Gold prices jumped Tuesday after Federal Reserve Chairwoman Janet Yellen stressed that the central bank will take a cautious approach to future rate hikes given the uncertain economic outlook. In a speech at The Economic Club of New York, Yellen also revealed that the Fed will rely on bond purchases if the economy stumbles, which the markets interpreted as dovish. June gold rose $15.40, or 1.2%, to $1,237.40 an ounce versus the $1,228.20 it was trading at before Yellen’s comments. Gold had been in positive territory all session after the Case-Shiller report indicated that consumer prices are firmer. Gold is often used as an inflation hedge.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Oil futures pared some of their losses on Tuesday after U.S. Federal Reserve Chairwoman Janet Yellen said caution on interest-rate hikes is justified. The U.S. dollar weakened in the wake of her comments, offering some support for dollar-denominated oil prices. May WTI crude traded at $38.41 a barrel on the New York Mercantile Exchange, down 98 cents, or 2.5%. It was trading around $38.19 before Yellen’s speech.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The dollar weakened against its main rivals Thursday after Federal Reserve Chairwoman Janet Yellen reiterated that global developments have increased the risks for the U.S. economy. Yellen said caution about the pace of raising interest rates was justified — a message that investors interpreted as dovish. The dollar sold off, with the euro climbing to $1.1252 after the remarks, from around $1.1205 shortly before. The dollar fell to 113.07 yen, from 113.30 yen shortly before. The pound rose to $1.4357, from $1.4287 shortly before.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
The dollar weakened against its main rivals Thursday after Federal Reserve Chairwoman Janet Yellen reiterated that global developments have increased the risks for the U.S. economy. Yellen said caution about the pace of raising interest rates was justified — a message that investors interpreted as dovish. The dollar sold off, with the euro climbing to $1.1252 after the remarks, from around $1.1205 shortly before. The dollar fell to 113.07 yen, from 113.30 yen shortly before. The pound rose to $1.4357, from $1.4287 shortly before.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Discount retailer The TJX Companies Inc. said Tuesday it is raising its quarterly dividend by 24% to 26 cents a share. The new dividend will be payable June 2 to shareholders of record as of May 12. The company said it is also planning to buy back $1.5 billion to $2.0 billion of its own stock in fiscal 2017. Shares were slightly higher in midmorning trade, and are up 12% in the last 12 months, while the S&P 500 has lost 1.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News