The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.

10 reasons why people don’t get a mortgage

It’s not just because of finances
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Consumer sentiment hits highest level since July

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November mid-month consumer sentiment reached its highest level since July, according to the Reuters/University of Michigan survey. The monthly index hit 64.2 for mid-November, up from 60.9 for all of October and down slightly from an implied 64.3 reading in the last half of last month. Econoday said consumer sentiment had been unusually low compared with consumer spending, which increased by $68.7 billion, or 0.6%, in September from August according to the Bureau of Economic Analysis. Consumer expectations for the next six months reached 56.2, up more than points from October. The measure dropped to 47 in September, a 30-year low. The survey questions 500 households on their financial status and thoughts about the economy. Write to Andrew Scoggin. Follow him on Twitter @ascoggin.

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