Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
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Lending / The Ticker

GDP remains unchanged

frozen money
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According to Reuters, the U.S. government left its estimate for economic growth in the second quarter unchanged, while prices for goods and services purchased by U.S. households fell for the first time in four years.

The Commerce Department said on Thursday gross domestic product expanded at a 2.5 percent annual rate in the April-June period.

Also in the report, the department said its price index for consumer purchases, which is the Federal Reserve's preferred gauge of inflation, fell at a 0.1 percent rate.

That is a worrisome sign for the national economy because it suggests businesses have little leverage to raise prices.

Source: Reuters
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