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About Keith Molyneaux

Posts by Keith Molyneaux…

Mortgage Demand Surges Despite Stubbornly Elevated Rates

The housing market may be coming out of hibernation early and kicking off the spring homebuying season, despite stubbornly high mortgage rates. Mortgage applications to purchase a home jumped 11% last week from the week prior, according to the Mortgage Banker’s Association’s (MBA) seasonally adjusted index.  Still, even with the jump, mortgage demand for the […]

Layoffs Rise to Highest Level for February Since 2009

Many American workers weren’t feeling the Valentine’s Day love this February, as layoff announcements hit the highest level for any February since the global financial crisis. The nation’s employers planned a total of 84,638 layoffs in February, according to outplacement firm Challenger, Gray & Christmas. That is an increase of 3% from January and an […]

A Tale of Two Inflation Metrics

Much of what happens in the markets and the broader economy this year will be determined by the Federal Reserve, whose actions will, in turn, be determined by the path that inflation takes. The trouble with this is that there are many ways to measure “inflation,” and the two most common are telling somewhat divergent […]

Home Sales Rebound from Lowest Level in 30 Years in January

The housing market started the year on a somewhat stronger note, with the sales of previously existing homes increasing moderately after sales last year fell to the lowest level in nearly three decades. Sales of existing homes, which make up the bulk of the housing market, rose 3.1% in January from the month before to […]