Start paying attention to how credit-stressed consumers are right now
If bond market investors get cold feet about buying government debt and mortgage-backed securities, that could push long-term interest rates higher, even if the Fed cuts short-term rates
The Consumer Price Index rose 2.4% year over year, slightly above April's 2.3% increase. Month over month, prices edged up just 0.1%, compared to 0.2% in April
Guttentag 'remained sharp to the end' and continued researching and writing about mortgages until passing away on Feb. 6, his friend and colleague Allan Redstone tells the Wharton School
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes a deep dive into the latest data on household debt and credit and what it might mean for post-COVID economic recovery
8,640 permits were issued in July, 10% less than last year
High mortgage rates may have been to blame for the drop