Treasury Secretary Scott Bessent has claimed the housing market was in a recession and the full national economy could potentially slide into a recession due to Federal Reserve policies. In a Sunday interview on CNN’s “State of the Union,” Bessent remarked, “I...
A Phil Hall Op-Ed: If you’ve been following the news over the past week, you may have noticed the word “recession” popping up over and over. This is not because we’re in a recession, but it is because some highly prominent financial services executives and economic...
Canadians are increasingly pessimistic over the direction of their nation’s economy, with nearly one-third of homeowners fearing they will need to sell their residences if interest rates continue to rise. According to the Financial Health Survey published by Manulife...
The Mortgage Bankers Association is forecasting an increase in total mortgage origination to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023, along with a mild recession during the first part of next year. The trade group also predicted purchase...
Canadian wildfire smoke isn’t the only thing in the American air today – the latest TransUnion (NYSE: TRU) Consumer Pulse found a heavy cloud of pessimism about the state of the economy mixed with some buoyant optimism about personal finances. First, the bad news. In...
Mortgage Rates Reach 7.40%, Highest Since November 2023
