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Recent Articles from Paul Wiseman, AP Economics Writer
Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
WASHINGTON (AP) — U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers and businesses who were counting on sharply […]
US home construction posted solid gain in June
WASHINGTON (AP) — Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West. The Commerce Department said Tuesday […]
A rebounding stock market helps lift US consumer confidence
WASHINGTON (AP) — U.S. consumers are feeling more confident in March, with a rebounding stock market brightening their outlook. The Conference Board said Tuesday that its consumer confidence index rose […]
US home prices rise at a solid clip in December
WASHINGTON (AP) — U.S. home prices increased at a solid clip in December, helped by a healthy job market and low mortgage rates. The Standard & Poor’s/Case-Shiller 20-city home price […]
Average long-term US mortgage rate falls fifth straight week
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the fifth straight week amid volatility in world financial markets. Mortgage buyer Freddie Mac says the average rate on a […]
Defying Fed hike, 30-year mortgage rate slips to 3.96 %
WASHINGTON (AP) — What Fed rate hike? One week after the Federal Reserve raised short-term interest rates from record lows, the average on a 30-year fixed-rate mortgage went the other […]
Construction spending rises 0.6 percent in September
WASHINGTON (AP) — U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building. The Commerce Department said […]
IMF: Fed should delay interest rate hike to 2016
WASHINGTON — The International Monetary Fund urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the U.S. economy remains subpar. […]
More older Americans are being buried by housing debt
WASHINGTON — Al and Saundra Karp have found an unconventional way to raise money and help save their Miami-area home from foreclosure: They’re lining up gigs for their family jazz […]
Macau ranks No. 1 in economic performance among world cities; Charlotte No. 110
WASHINGTON — Macau, the Chinese territory known for casino gambling, outperformed the rest of the world’s major cities economically last year, according to a report out Thursday. Cities in the […]
Average US 30-year mortgage rate edges up to 3.87%
WASHINGTON — Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low. Mortgage giant Freddie Mac says the nationwide average for a […]
Fed keeps rates low, but brace for the inevitable
WASHINGTON — Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy the easy money while it lasts. By mid-2015, […]
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