Home prices spike in large U.S. cities

LOS ANGELES Home prices in the nation's biggest cities rose sharply from April to May, fresh data show, underscoring the strength of the housing market's spring recovery, which was marked by fewer foreclosures and tight inventory.

Oil rises slightly to near $85 in Asia amid hope for stimulus measures

SINGAPORE – Oil rose slightly to near US$85 a barrel Monday, clawing back some of a large drop from the previous session amid hope that weak U.S. economic growth may trigger new stimulus measures. The Labour Department on Friday said the U.S. economy a…

India’s 10-Year Bond Yield at Three-Month Low as RBI to Buy Debt

India’s benchmark 10-year bonds rose, pushing the yield to a three-month low, as debt purchases by the central bank and speculation borrowing costs will be cut buoyed demand.

New Zealand consumer confidence remains subdued in the first quarter

New Zealand consumer confidence remained retreated in the first quarter, as concerns rose over the strength of the economy and inflation pressures.The household index advanced to 102.4 in the first quarter from 101.3 in December, Westpac Banking Corp. …

Rates on 30-year mortgages inch upward to 3.9 percent

The average rate on 30-year fixed mortgages rose last week for the first time this month, though it remained below 4 percent for the eighth straight week.

Treasury Yields Drop to Year Low as European Crisis Intensifies

Treasuries rose, pushing yields to the lowest levels this year, as France was stripped of its top credit rating and talks to restructure Greek’s debt stalled, boosting demand for the safety of U.S. government debt.

Mortgage Rates On The Rise

Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.

US consumer sentiment rises on better economic outlook for November

US consumer sentiment rose to its highest level in five months in early November as Americans felt better about the economic outlook, a survey released yesterday showed.

Home Price Increase Eludes Las Vegas

WASHINGTON – Home prices rose in August in half of major cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country. The Standard & Poor’s/Case-Shiller index showed Tuesday that prices increased in

North Dakota leads nation with lowest unemployment rate, joins majority of states seeing increase

WASHINGTON – Unemployment rates rose in a majority of states in August for a third straight month, further evidence that the depressed job market is widespread.