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Delinquencies are on the rise for FHA-backed loans, with nearly 10% of low-credit borrowers in early payment default. Economists and policy experts say this could signal trouble ahead for other credit products.
Inflation clocked in worse than expected at 8.2% for the 12 months ending in September, according to the consumer price index, bad news for the country’s economic health.
Inflation and recessionary concerns affected movements in the benchmark 10-year Treasury, itself at an 11-year peak, Freddie Mac said.
U.S. rail companies are poised to stop shipping farm products and other key goods starting today as the industry braces for a possible labor strike forecast to cost the world's biggest economy more than $2 billion a day.
August's Consumer Price Index was hotter than expected Tuesday, and showed headline inflation rose 0.1% month over month, despite falling gas prices.