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Economic News

Month in Review: Mortgages

For the month of March even though the economic numbers were tepid, they point towards more favorable projections, than negative. Mortgage...
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New York to increase minimum wage

Earlier this week, the New York state legislature announced that they would be raising the state minimum wage from $7.25 an hour to $8.50 an hour...
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U.S. Politics: Built to last, state of the union address

President Obama recent State of the Union address states he will fight obstruction with action, oppose returning to policies this nation has...
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Banks turn to small business lending as in-house investment profit dwindles

Banks turn to small business lending as in-house investment profit dwindlesAs reported Tuesday by MSNBC: Major institutional lenders will turn to...
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Job growth in December pushes unemployment rate to two year low

Economic numbers for December are gradually being released and the news looks very good so far.The U.S. economy added about 200,000 jobs in the...
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Canadian economy grows while unemployment rises

In a puzzling combination of events this past week, the Canadian GDP grew in the third quarter at an annualized rate of 3.5%, while the national...
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Canadian wages fail to keep up with rising cost of living

According to a report released this past week by Statistics Canada, average weekly earnings across the nation have fallen 0.3 percent in the month...
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Slideshow: Denver Case-Shiller home price index drops to 25-month low

Case-Shiller’s home price index for the Denver area fell 0.6 percent from February to March, and fell 3.8 percent,year over year, from March...
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MORTGAGE RATE DECLINE CONTINUES – Good News for Los Angeles Homeowners

For the seventh straight week mortgage interest rates continued their decline. The popular 30 year fixed rate mortgage average has dipped to 4.490%...
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Bankruptcy filings in Colorado down 6 percent in April

In Colorado during April, total bankruptcy cases filed fell 6.2 percent to 3,103 cases. During April 2010, 3,301 cases were filed. April was the...
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