Economy News Mortgage Lock Ins Cost Us Economy $20 Billion In One Year
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Average US long-term mortgage rate ticks up to 6.22% after four straight weekly declines
The average rate on a 30-year U.S. mortgage ticked up for the first time in five weeks after falling to its lowest level in more than a year last week ... Read More
Government Shutdown Has Already Cost US Economy $18 Billion This Year, CBO Says
The federal government shutdown has already cost the US economy at least $18 billion this year, a figure that “will intensify” in the weeks to come, according to the Congressional Budget Office. Read More
Mortgage rates fall for second straight week as shutdown, economic uncertainty weigh
Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the ... Read More
Mortgage rates fall for first time in 3 weeks
Mortgage rates fell for the first time in three weeks this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average ... Read More
Federal shutdown could cost US economy up to $14 billion
The federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government ... Read More
Shutdown costing US economy about $15B a week: Hassett
National Economic Council Director Kevin Hassett warned Monday that the government shutdown could cost the U.S. economy approximately $15 billion a week. In an interview on CNBC’s “Squawk Box,” ... Read More
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