A woman passes by the United States Capitol building in Washington on June 25, 2020. Al Drego | Reuters After declining for three weeks, the number of borrowers who deferred their monthly mortgage payments due to the coronavirus increased once again. The number of active tolerance plans increased by 79,000 …
Read More »Stock market gains despite coronavirus spread, disappointing unemployment claims
Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Disney workers reject park reopening plans as Covid cases increase
Walt disney Co. It faces increasing pressure to postpone the reopening of its theme parks in the United States, with union officials and workers saying the recent jump in coronavirus cases makes it too dangerous to return to the Magic Kingdom. Union officials representing workers at Disneyland Resort in Anaheim, …
Read More »The demand for mortgages for home buyers fell but is still 18% higher than a year ago
Mortgage rates held at a record low last week, but the demand for refinancing fell back anyway. That, in addition to a brief respite from the surprisingly strong demand from home buyers, caused the total volume of mortgage applications to drop 8.7% on a seasonally-adjusted basis from the previous week, …
Read More »The United States economy is improving; The increase in COVID-19 cases is a threat
WASHINGTON (Reuters) – Sales of new single-family homes in the United States increased more than expected in May and business activity contracted moderately this month, suggesting that the economy was on the verge of recovering from the recession caused by the crisis in COVID-19. FILE PHOTO: Real estate signs advertise …
Read More »