retail sales - Real Estate Investor Pulse

US retail sales rise slightly in June; core retail sales solid

July 18, 2023 Mark Paul Cervantes Comments Off

WASHINGTON, July 18 (Reuters) – U.S. retail sales rose less than expected in June, though consumer spending appeared to be solid, which likely kept the economy afloat in the second quarter. Retail sales increased 0.2% […]

Dow falls slightly as investors weigh retail sales, inflation data: Live updates

February 15, 2023 Mark Paul Cervantes Comments Off

Stocks struggled for direction Wednesday as traders mulled a stronger-than-expected retail sales along with the latest U.S. inflation data. The Dow Jones Industrial Average lost 39 points, or 0.11%, recovering nearly all losses from earlier in […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]