Posted in Financial News Update, Mortgage News on December 26th, 2006 No Comments »
The Producer Price Index — which measures inflation pressures at the wholesale level — surged 2% in November, the largest advance in more than three decades, the Labor Department said December 19. The 2% jump was four times bigger than the 0.5% increase economists had forecast. Core wholesale inflation, which excludes energy and food, rose […]
Posted in Financial News Update, Mortgage News on December 12th, 2006 No Comments »
On December 12, the Federal Reserve held interest rates steady at 5.25% for a fourth straight meeting, a move widely anticipated by industry experts. This comes on the coat tails of the Fed calling the recent cooling in the housing market “substantial.”
Even so, retail sales jumped 1% in November, their largest rise since July 2006, […]
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