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Rates for 30-year home loans edged down for the third-straight week and are close to record lows reached over the spring, providing an excellent opportunity for borrowers to save money by refinancing their home loans. The average rate for a 30-year fixed...
Tags: household wealth, mortgage rate, Washington
A Fed report in March showed that since the start of 2008, falling housing and stock values wiped out $11 trillion in Americans' net worth. The losses erased four years of gains, decimated retirement savings and college funds, and upended life plans for...
Tags: net worth, housing construction, Federal Reserve, household wealth, construction rose, workers sought, sought jobless, jobless aid, fewer laid, Washington
New estimates from the Bureau of Statistics put combined household wealth at just short of $787 billion at the end of March, down from a peak of $1246 billion in September 2007. It includes household wealth held in the form of cash, bank deposits, bonds...
Tags: household wealth
The Federal Reserve reported Thursday that households lost $5.1 trillion, or 9 percent, of their wealth in the last three months of 2008, the most ever in a single quarter in the 57-year history of recordkeeping by the central bank. For the full year,...
Tags: Federal Reserve, household wealth, U.S
Households are nearly $6000 poorer after the biggest drop in wealth in almost 10 years in the March quarter. The latest Spicers Households Savings Indicators report shows that the net worth of households fell 1.2 per cent in the March quarter or $5900...
Tags: household wealth
The property boom was responsible for fattening the assets of most Australian home owners, but superannuation balances also increased by 46% and the value of shares increased by 43%. The average net worth of households hit $608,000, an increase of $207,000...
Tags: Melbourne Institute's Household, australians household, household wealth, Australia, net worth