Business » Finance

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Behind the Slump in Consumer Spending

May 21
Behind the slump in consumer spending Financial markets are at or near record highs, but consumer spending in April was flat. At the same time, Americans are saving money and paying down their credit card debt. What does this mean for the economy?

Rates Fall at Weekly US Treasury Auction

May 19
Interest rates on short-term Treasury bills fell in Monday's auction. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.02 percent last week.

Coupons: Why They Might Wind Up Costing You Money

May 19
Coupons are everywhere. Everyone loves a good deal, and it's easy to start looking around the web or a newspaper or circular and see visions of giant savings dance in front of your eyes. It's like free money, right?

Average US Rate on 30-Year Mortgage Up for 3rd Straight Week

May 18
Average long-term U.S. mortgage rates are up for the third straight week. Mortgage giant Freddie Mac says the average rate on a 30-year fixed-rate mortgage rose to 3.85 percent this week from 3.80 percent a week earlier.

Murray, Israel Introduce Freedom from Discrimination in Credit Act

By John Riley | May 16
U.S. Sen. Patty Murray (D-Wash.) and U.S. Rep. Steve Israel (D-N.Y.) introduced legislation on Wednesday to prohibit discrimination based on sexual orientation and gender identity in credit and lending.

First-Time Buyers Face Hurdles to Homeownership this Spring

May 15
Young people aspiring to buy their first home are already facing disappointment this year.

US Retail Sales Flat-Line in April, Decreased Auto Spending

May 15
U.S. shoppers kept their spending in check in April, as modest wage growth over the past year keeps family budgets tight.

RX for Baltimore Economy: More Residents with Money to Spend

May 14
Compared with rival cities that have enjoyed a renaissance, Baltimore's upper-middle class remains a relatively small slice of the city. Nearly 43% of families in Washington proper earn at least $100,000, for example, compared with just 16% in Baltimore.

US Household Debt Levels Held Back by Cautious Consumers

May 13
U.S. household debt levels were mostly unchanged in the first three months of this year, held back by tight mortgage credit standards and consumer reluctance to borrow heavily.

Why Homebuyers Face a Tough Spring

May 13
Eager to buy your first home this spring? Already own, but want to trade up? Be warned: there'll be plenty of competition.

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