63.5 F
Los Angeles
Friday, August 7, 2020

U.S. Market Enjoys Record 44 Percent Spike in...

According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on ...

PECHANGA RESORT CASINO OPENS WITH LIMITED OPE...

Sign outside of one of Pechanga’s entrances reminds guests about temperature protocols –Pechanga guest has temperature scanned before going inside on June 1. (U.S. Commerce News) On Monday, Jun...

Federal Reserve announces $2.3 trillion in fu...

The Federal Reserve unveiled plans to provide up to $2.3 trillion in loans to support households and local governments, as the U.S. economy continues to work through the disruptions from the novel cor...

Dow skyrockets 2100 points, the best day sinc...

The Dow rallied by over 11% to close up by over 2,100 points — only a day after a sell-off virtually erased all of the gains made since President Donald Trump was elected — and its best day in nearly ...

The US Federal Reserve emergency rate cut of ...

The Federal Reserve announced an emergency interest rate cut of 50 basis points in the evening of March 3 local time, reducing the excess reserve ratio(IOER)by 50 basis points to 1.1% . The Federal Op...

U.S. Single-Family Rents rise fast

According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, a national rent increase of 2.9% year over ...

Mortgage Applications in U.S. Increase in Mid...

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 11, 2019, U.S. mortgage applications increased 0.5 percent from one week earlier....

U.S. Housing Starts at Highest Levels Since 2...

According to a new report from the U.S. Housing and Urban Development and Commerce Department, led by a surge in multifamily production, total housing starts rose 12.3 percent in August 2019 to a seas...

Trump Reducing the Size of Loans

People Can Get Through FHA Cash-Out Refinancing The Trump administration is reducing how much home equity mortgage borrowers can withdraw through cash-out refinances. Starting Sept. 1, the Federal...

U.S. Mortgage Debt Hits Record High

Since 2008 financial crisis, U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. Mortgage balances rose by $162 billion in the secon...