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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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Yellen

Yellen
Weely Real Estate News

Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’

May 3, 2024 Allen Santos Comments Off on Treasury Secretary Yellen: ‘Democracy Has Come Under Threat’

Treasury Secretary Janet Yellen appeared to take on the role of campaign surrogate for the Biden-Harris re-election effort in a speech promoted to consider the “economic case for democracy.” In prepared remarks delivered before the […]

U.S. economy
Economy

Yellen says U.S. inflation easing as some sectors slow, labor market strong

June 8, 2023 Mark Paul Cervantes Comments Off on Yellen says U.S. inflation easing as some sectors slow, labor market strong

WASHINGTON, June 7 (Reuters) – The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in […]

Yellen
Inflation

Yellen Sees a Possible Soft Landing. Markets Care More About Inflation

February 24, 2023 Mark Paul Cervantes Comments Off on Yellen Sees a Possible Soft Landing. Markets Care More About Inflation

Speculation over the type of landing the U.S. economy will make has been rife for a while, and may continue for months yet. The options include a hard landing, a soft landing, or no landing. […]

inflation
Financial Markets

U.S. inflation will be much lower by end of 2023, Yellen says

February 8, 2023 Mark Paul Cervantes Comments Off on U.S. inflation will be much lower by end of 2023, Yellen says

Dec 11 (Reuters) – U.S. Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in U.S. inflation in 2023, barring an unexpected shock. “I believe by the end of next year you will see […]

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U.S. Market

Rocket
Housing Wire

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

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ 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 […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ 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
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ 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 […]

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