Sales of existing homes soared 23 percent locally as bargain hunters snatched up distressed properties and continued to keep home prices lower. ...more

March 23, 2009

Sales of existing homes rose from January to February in an unexpected boost for the slumping U.S housing market as buyers took advantage of deep discounts on foreclosures. ...more

March 23, 2009

The Federal Reserve and six major central banks worldwide cut interest rates Wednesday to prevent a financial crisis from becoming a global economic meltdown. The Fed cut its key rate from 2 percent to 1.5 percent. Bank of England cut its rate half a point to 4.5 percent. European Central Bank cut its rate by half a point to 3.75 percent. Central banks of China, Canada, Sweden and Switzerland also cut rates. ...more

October 9, 2008

An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan. ...more

September 7, 2008

Confronted by problems at every turn - rising unemployment, shaky growth, credit troubles and creeping inflation - the Federal Reserve left an important interest rate unchanged, taking a gamble that for now the best move was no move at all. ...more

August 6, 2008

The reports just keep coming that consumers are still having difficulty paying their debts. ...more

July 20, 2008

NEW YORK - Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores. ...more

June 29, 2008

Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, and that can lead to lower credit scores. ...more

June 28, 2008

Straddling risky economic crosscurrents, the Federal Reserve is expected to stand still this week on interest rates. ...more

June 24, 2008

The Federal Reserve reported Monday that more banks are tightening lending standards on home mortgages, other types of consumer loans and business loans in response to a spreading credit crisis. ...more

May 6, 2008