Interest Rates

Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017
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Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017

Fed officials said they would nudge up the federal-funds rate by a quarter... More

Fed Chair: Rate Hike Could Come 'Relatively Soon'
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Fed Chair: Rate Hike Could Come 'Relatively Soon'

Federal Reserve Chairwoman Janet Yellen did little to dispel expectations of a... More

Is the Economy Ready for Another Interest Hike?
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Is the Economy Ready for Another Interest Hike?

This article argues that the simple answer is yes, but the reasoning behind it,... More

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Do Better Deals for Homeowners Mean More to Spend on Remodeling? Do Better Deals for Homeowners Mean More to Spend on Remodeling?

Remodelers and industry insiders consider the impact of dropping home prices and mortgage interest rates on a potential new sector of remodeling clientele. More

In financing, no one size fits all
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In financing, no one size fits all

Most contractors find that people who finance home improvements tend to spend more... More

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Things Are Looking Up

The Conference Board's index went from 79.6 in October to 84.1 the following month. According to the U.S. Bureau of Labor Statistics, the seasonally adjusted unemployment rate for construction workers this October is nearly 10%, up significantly from 8.3% a year ago. More

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Sluggish Recovery

At 49.3 in the third quarter, the RMI for current conditions is down from 52.7 in the second quarter; the Future Expectations Index dropped to 48.0 from 52.2 a quarter earlier. Consumer confidence Consumer confidence fell for the fifth straight month in October. Second mortgage interest rates were about 5.13% in October vs. the record low of 5.11% in September. More

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Mixed Signals

Consumer confidence fell again in July, according to The Conference Board. Inflation-adjusted per capita disposable income rose at very strong annual growth rates of about 6% in May and June. More

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Looking Up

Second mortgage interest rates increased slightly again in December. Support for an upturn in the spring comes from an increase in the Conference Board's Index of Economic Indicators for November 2001. More

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Better year ahead in 2002

Most past recessions resulted from sharp increases in inflation and a tight monetary policy leading to sharply higher interest rates. This recession has been caused by a sharp downturn in business investment, especially in the manufacturing and technology sectors. More

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