ECONOMY & MARKETS

U.S. Mortgage Rates Rise to 3.95%

File photo shows the headquarters of mortgage lender Freddie Mac in McLean
U.S. 30-year fixed-rate mortgage rates rose to 3.95 percent in the week ending Feb. 23 from a record low of 3.87 in the previous week, Freddie Mac said.
German Chancellor Merkel attends news conference after talks with Macedonian Prime Minister Gruevski at Chancellery in Berlin

As Euro Economy Stagnates, German Business Confidence Up

A closely-watched indicator of German business confidence jumped in February, the fourth month in a row the index has risen, suggesting that country's economy is continuing to grow at a moderate pace even as the wider Eurozone area experiences near-recessionary stagnation.
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DeMarco delivers testimony on robo-signing and foreclosures at a hearing of the Housing and Community Opportunity Subcommittee of the House Financial Service Committee, in Washington

FHFA Attempts to Find Middle Ground for Fannie, Freddie

The Federal Housing Finance Administration (FHFA), overseer of Fannie Mae and Freddie Mac, detailed a plan on Tuesday for the companies' uncertain futures, grappling with the challenges of political hostility, reluctant private investors and a fragile housing market.
stock market

Weak Eurozone Data, Greece Downgrade Hit Stocks: Daily Markets Wrap

It didn't take long for the initial relief following Tuesday's long-awaited Greek bailout deal to die down. Global stocks ended Wednesday lower as investors took a cautious stance on the Eurozone economic outlook following disappointing business activity data and Fitch's announcement to cut Greece's credit rating further into junk status.
A real estate for sale sign is displayed outside a home in Chandler Heights, Arizona

Home Resales at 1-1/2 Year High as Supply Falls

U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Signage for a T-Mobile store is pictured in downtown Los Angeles, California

T-Mobile Asks FCC to Block Verizon's Airwaves Bid

T-Mobile USA Inc. asked regulators in a filing on Tuesday to block Verizon Wireless (NYSE:VZW)'s bid to buy airwaves from cable companies, arguing that the move would pose a clear threat to competition.
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Brad Pitt to Build Croatian Beach Resort: Report

Actor Brad Pitt may soon have a new role: real estate developer. Croatian paper Jutarnji List reported that Pitt has partnered with businessman Danko Koncar and actor Rade Serbedzija to build a luxury waterfront resort in the Brijuni Islands in the Adriatic Sea.
Woman walks past stock quotation board outside brokerage in Tokyo

Is Deflation a Real Threat?

When it comes to the debate on whether the United States is experiencing inflation, it is typically not a yes or no interchange. If you have read the first two parts (Part 1, Part 2) of my series on inflation, you are well aware that I am on the side that inflation is already upon us. My counterparts, typically, will not only disagree, but will also bring up the issue of deflation.

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