This week’s release of U.S. economic and employment data was less than positive, which helped drive price increases in gold and silver. The U.S. housing market was hit harder than expected and the dollar slumped against other basket currencies while silver hit a 10-month high, gold rose 2% and platinum reached a 6-month high Tuesday.
Paul Ferley, economist at Royal Bank of Canada, said the newly revised debt levels are close to the peak witnessed in the U.S. at the height of the subprime mortgage crisis. The U.S. debt-to-income ratio is now in the 140% range after Americans deleveraged after the recession.
U.S. mortgage applications hit 10-month peak despite storms. U.S. mortgage applications jumped to their strongest level in 10 months last week despite. Experience.
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Americans stopped buying homes in 2018, mortgage lenders are getting crushed , and an economic storm could be brewing. fell off a cliff and mortgage lenders saw a steep decline in applications, originations, and profits.. Home sales dropped in every month in 2018 except February, but the trend grew.
U.S. homebuilding fell to a one-year low in September as. impacted by the storms accounted for about 13 percent of U.S. building permits in 2016.. A report from the mortgage bankers association on Wednesday showed applications for. Midwest last month and hit more than a 10-year high in the West.
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Stage Two's deluge of supply sets the table for US housing bubble Stage.. of newly-constructed units that have recently hit the market threatening to. Weekly mortgage applications fall 2.5% as buyers struggle to find affordable homes. New Home Sales Tumble To 8-Month Lows Despite Price Plunge.
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Reverse mortgage endorsements have dropped 15.5% in June from the previous month, hitting a low the industry hasn't seen since 2005, according to. Despite record levels of tappable home equity, program changes have squashed volume. In October 2017, the U.S. Department of Housing and Urban.
At Berkshire County’s outage peak this morning, according to a spokeswoman from the Western Massachusetts Electric Company close to 10,000 Berkshire County residents were without power. As of 11 a.m., that figure was down to 8,277. "The Berkshires were one which was hit the hardest," said WMECO spokeswoman Lacey Girard.